| Date: | 12/09/2022 |
|---|---|
| Organization: | Division of Insurance |
| Regulatory Authority: | MG. c. 176D |
| Official Version: | Purchase the official version |
211 CMR 96.00 sets forth standards and procedures for insurance producers and insurers who make recommendations to consumers that result in a transaction involving annuity products that are in the best interest of the consumer and to improve consumers’ understanding of the annuity products for which recommendations have been made so that the insurance needs and financial objectives of consumers at the time of the transaction are effectively addressed.