Rhode Island Code of Regulations
Title 230 - Department of Business Regulation
Chapter 20 - Insurance
Subchapter 25 - LIFE AND ANNUITIES
Part 6 - Annuity Disclosure
Section 230-RICR-20-25-6.3 - Purpose
Universal Citation: 230 RI Code of Rules 20 25 6.3
Current through September 18, 2024
The purpose of this Part is to provide standards for the disclosure of certain minimum information about annuity contracts to protect consumers and foster consumer education. The Part specifies the minimum information which must be disclosed, the method for disclosing it and the use and content of illustration, if used, in connection with the sale of annuity contracts. The goal of this Part is to ensure that purchasers of annuity contracts understand certain basic features of annuity contracts.
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