Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-129 - ANNUITY DISCLOSURE
Section 482-1-129-.02 - Purpose
Universal Citation: AL Admin Code R 482-1-129-.02
Current through Register Vol. 42, No. 11, August 30, 2024
The purpose of this chapter is to provide standards for the disclosure of certain minimum information about annuity contracts to protect consumers and foster consumer education. The chapter specifies the minimum information which must be disclosed and the method for disclosing it in connection with the sale of annuity contracts. The goal of this chapter is to ensure that purchasers of annuity contracts understand certain basic features of annuity contracts.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, § 27-2-17, 27-12-1 et seq., 27-15-1et seq.
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