§ 10509.910
53 words·~1 min read·
/ca/insurance-code/10509-910A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The purpose of this article 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.