Except as provided pursuant to § 58-33A-19, a producer has no obligation to a consumer under §§ 58-33A-16.1 to 58-33A-16.3, inclusive, and § 58-33A-17 related to any annuity transaction if:
(1) A consumer refuses to provide relevant consumer profile information and the annuity transaction is not recommended;
(2) A consumer decides to enter into an annuity transaction that is not based on a recommendation of the producer;
(3) A recommendation was made and was later found to have been prepared based on materially inaccurate information provided by the consumer; or
(4) No recommendation is made.