Section 58-33A-18 - Conditions resulting in no obligation to consumerExcept as provided pursuant to § 58-33A-19, a producer has no obligation to a consumer under §§ 58-33A-16.1 to 58-33A-16.3, inclusive, and § 58-33A-17 related to any annuity transaction if:
(1) A consumer refuses to provide relevant consumer profile information and the annuity transaction is not recommended;(2) A consumer decides to enter into an annuity transaction that is not based on a recommendation of the producer;(3) A recommendation was made and was later found to have been prepared based on materially inaccurate information provided by the consumer; or(4) No recommendation is made.SL 2008, ch 273, §6; SL 2012, ch 250, §4; SL 2022, ch 186, §10, eff. Jan. 1, 2023.Amended by S.L. 2022, ch. 186,s. 10, eff. 1/1/2023.