The Insurance Commissioner shall adopt regulations, in accordance with chapter 54, to establish (1) standards for the sale or exchange of annuities, as defined in section 38a-1 , to consumers, and (2) procedures for making recommendations to consumers regarding the sale or exchange of an annuity.
Conn. Gen. Stat. § 38a-432a
Regulations concerning consumer annuity transactions
Known as the Standard Nonforfeiture Law
The act spans §§ 38a-430 to 38a-466 (56 sections).
(P.A. 05-57, S. 1; P.A. 08-147, S. 13.) History: P.A. 05-57 effective June 2, 2005; P.A. 08-147 made a technical change and deleted provisions re senior consumers, effective Jun…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.