Connecticut General Statutes (Last Updated: November 2, 2019) |
Volume 11. |
Title 38a. Insurance |
Chapter 700b. Life Insurance, Annuities, Burial Contracts and Life Settlements |
PART I. LIFE INSURANCE AND ANNUITIES |
Sec. 38a-432a. Regulations concerning consumer annuity transactions.
Latest version.
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The Insurance Commissioner shall adopt regulations, in accordance with chapter 54, to establish (1) standards for the sale or exchange of annuities, as defined in section 38a-1, to consumers, and (2) procedures for making recommendations to consumers regarding the sale or exchange of an annuity.
(P.A. 05-57, S. 1; P.A. 08-147, S. 13.)
History: P.A. 05-57 effective June 2, 2005; P.A. 08-147 made a technical change and deleted provisions re senior consumers, effective June 12, 2008.