211 CMR 96.01 - Purpose

Current through Register 1466, April 1, 2022

(1) 211 CMR 96.00 sets forth standards and procedures for insurance producers, or insurers where no producer is involved, who make recommendations to consumers that result in a transaction involving annuity products to improve consumers' understanding of the annuity products for which recommendations have been made and so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed.
(2) Nothing in 211 CMR 96.00 shall be construed to create or imply a private cause of action for a violation of 211 CMR 96.00.

Notes

211 CMR 96.01
Amended by Mass Register Issue 1316, eff. 7/1/2016.

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