R590-229-2. Purpose  


Latest version.
  • 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.