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
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