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. 2024, Ch. 2, Sec. 5
This article shall apply to both of the following:
(a) A recommendation of an annuity made before January 1, 2025, that results in the purchase, exchange, or replacement that was recommended.
(b) A sale of an annuity made before January 1, 2025, that is not based on a recommendation.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.