Insurance Regulation 12


230-RICR-20-25-1 INACTIVE RULE

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Title 230 Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter 20 Insurance
Subchapter 25 Life and Annuities
Part 1 Insurance Regulation 12
Type of Filing Adoption
Regulation Status Inactive
Effective 02/01/2006 to 09/18/2006

Regulation Authority:

R.I.G.L. §27-29-1 et seq. and 42-14-17

Purpose and Reason:

A. The purpose of this regulation is to set forth standards and procedures for recommendations to senior consumers that result in a transaction involving annuity products so that the insurance needs and financial objectives of senior 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.

Rulemaking Documents are organized by document type and are part of this rule’s rulemaking record (R.I. Gen. Laws § 42-35-2.3). If multiple documents of the same type are listed below, each is a unique document. If there are multiple Public Notice of Proposed Rulemaking documents, view each document to identify the most recently amended version, as it may be amended at any point during the Public Comment Period.