Nev. Admin. Code § 688A.Sec. 6 - NEW
"Consumer profile information" means information that is reasonably appropriate to determine whether a recommendation addresses the financial situation, insurance needs and financial objectives of a consumer, including, at a minimum, the following:
1. The age of the consumer;
2. The annual income of the
consumer;
3. The financial
situation and needs of the consumer, including debts and other
obligations;
4. The financial
experience of the consumer;
5. The
insurance needs of the consumer;
6.
The financial objectives of the consumer;
7. The intended use of the annuity;
8. The financial time horizon of the
consumer;
9. The existing assets
and financial products of the consumer, including, without limitation, holdings
of investments and insurance;
10.
The liquidity needs of the consumer;
11. The liquid net worth of the
consumer;
12. The risk tolerance of
the consumer, including, without limitation, the willingness of the consumer to
accept changes in non-guaranteed elements;
13. Financial resources used to fund an
annuity, including, without limitation, potential surrender charges, tax
implications and penalties that could be incurred by the use of those
resources; and
14. The tax status
of the consumer.
Notes
NRS 679B.130
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