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 120-2-73 - Appendix - .05
Rule 120-2-73-.01 - Purpose

Universal Citation: GA Rules and Regs r 120-2-73-.01

Current through Rules and Regulations filed through September 23, 2024

(1) The purpose of this Chapter of the Rules and Regulation of the Office of Commissioner of Insurance is to require insurers to deliver to prospects for annuity contracts, for annuity riders to life insurance policies, or for deposit funds accepted in conjunction with life insurance policies or annuity contracts, information which helps the prospect select an annuity or deposit fund, or both, appropriate to the prospect's needs; improves the prospect's understanding of the basic features of the plan under consideration; and improves the prospect's ability to evaluate the relative benefits of similar plans.

(2) This regulation does not prohibit the use of additional material which is not in violation of this regulation or any other Georgia statute or regulation.

O.C.G.A. Secs. 33-2-9, 33-6-12.

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