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 - Senior Protection in Annuity Transaction
Type of Filing Adoption
Regulation Status Inactive View Active Rule
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.

There are no electronic rulemaking documents for rules filed prior to August 14, 2018. For rulemaking documents for rules filed prior to this date, please contact the appropriate agency's Rules Coordinator.