Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 130 - DISTRIBUTION OF ANNUITIES THROUGH FINANCIAL INSTITUTIONS (REG. 30)
Section 029-130-VII - ADEQUATE SEPARATION OF FACILITIES

Universal Citation: 02 ME Code Rules ยง 029-130-VII

Current through 2024-38, September 18, 2024

A. The space utilized by the annuity agent to transact business with the public must be separated from the retail area of the financial institution in such a manner as to prevent confusion in the public's mind between the financial institution and the annuity agent.

B. The space utilized by the annuity agent to transact business with the public must be separately identified through the use of signs, labeling, etc. so that the public will understand that it is doing business with an annuity agent and not with the financial institution.

C. The space utilized by the annuity agent shall contain the notice, conspicuously posted, required in Section VIII(C)(1).

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