Nevada Administrative Code
Chapter 688A - Life Insurance and Annuity Contracts
PURCHASE OR EXCHANGE OF ANNUITIES
Section 688A.445 - "Recommendation" defined

Universal Citation: NV Admin Code 688A.445
Current through February 27, 2024

"Recommendation" means advice provided by an insurer or a producer of insurance to a prospective purchaser of an annuity concerning the purchase or exchange of one or more annuities that results in the purchase or exchange of an annuity in accordance with the advice provided by the insurer or producer of insurance.

Added to NAC by Comm'r of Insurance by R076-05, eff. 2-23-2006; A by R115-06, 9-18-2006

NRS 679B.130

REVISER'S NOTE.

The regulation of the Commissioner of Insurance filed with the Secretary of State on September 18, 2006 (LCB File No. R115-06), which amended this section, contains the following provision not included in NAC:

"An insurer or provider of insurance is not required to comply with the provisions of this regulation until December 17, 2006."

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