Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-71 - SALE OF ANNUITIES BY FINANCIAL INSTITUTIONS
Rule 120-2-71-.06 - Underwriting of Annuities Prohibited

Universal Citation: GA Rules and Regs r 120-2-71-.06

Current through Rules and Regulations filed through March 20, 2024

A financial institution may not itself directly or indirectly assume the obligation to provide the benefits of an annuity contract or otherwise undertake to perform the obligations of an annuity.

O.C.G.A. Secs. 33-2-9, 33-3-2, 33-3-23.

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