La. Admin. Code tit. 37 § XIII-11701
Current through Register Vol. 50, No. 6, June 20, 2024
Section XIII-11701 - PurposeA. The purpose of this regulation is to require insurers to establish a system to supervise recommendations and to set forth standards and procedures for recommendations to consumers that result in transactions involving annuity products so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed.B. Nothing herein shall be construed to create or imply a private cause of action for a violation of this regulation.La. Admin. Code tit. 37, § XIII-11701
Promulgated by the Department of Insurance, Office of the Commissioner, LR 32:2268 (December 2006), Amended LR 45759 (6/1/2019).AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11 and the Administrative Procedure Act, R.S. 49:950 et seq.