Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-229. Annuity Disclosure |
R590-229-2. Purpose
Latest version.
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The purpose of this rule is to:
(1) provide standards for the disclosure of minimum information about annuity contracts to protect consumers by specifying:
(a) the minimum information that must be disclosed; and
(b) the method for disclosing it in connection with the sale of annuity contracts; and
(2) foster consumer education by ensuring that purchasers of annuity contracts understand certain basic features of annuity contracts.