| Notice Filed with SOS |
04/26/2011 |
| Rule |
ProposedRuleAttach2011-00249.DOC |
| Statutory Authority |
10-1-109(1) and 10-3-1110(1) |
| Description of Subjects/Issues |
4-1-11 CONCERNING SUITABILITY IN ANNUITY TRANSACTIONS |
| Purpose/Objective of Rule |
The purpose of this regulation is to require insurers to establish a system to supervise recommendations and to set forth standards and procedures for recommendations to consumers that result in transactions involving annuity products so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed |
| Comments |
Chris Maciejewski |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
|
| Hearing Date |
06/03/2011 |
| Hearing Time |
02:00 PM |
| Hearing Location |
1560 Broadway, Ste 850, Denver, CO 80202 |
| Contact Name |
Christine Gonzales-Ferrer |
| Contact Title |
Rulemaking Coordinator |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@dora.state.co.us |