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
The following state regulations pages link to this page.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.