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Cal. Ins. Code § 10509.911

Suitability Requirements for Annuity Transactions before January 1, 2025

Known as the Health Insurance Disclosure Act

The act spans §§ 10110–11549 (1,209 sections).

Added by Stats. 2011, Ch. 295, Sec. 2

(a) This article shall apply to any recommendation to purchase, exchange, or replace an annuity made to a consumer that results in the purchase, exchange, or replacement that was recommended.

(b) Nothing in this act shall be interpreted to preclude, preempt, or otherwise interfere with the application of any other laws of this state that may apply in any matter involving the sale of an annuity that is subject to this article.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.