Ill. Admin. Code tit. 50, § 3120.10 - Purpose

Current through Register Vol. 46, No. 15, April 8, 2022

a) The purpose of this Part is to set forth standards and procedures for recommendations by insurers or insurance producers to consumers that result in a transaction involving annuity products so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed.
b) Nothing in this Part shall be construed to create or imply a private cause of action for a violation of this Part.

Notes

Ill. Admin. Code tit. 50, § 3120.10

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