| Notice Filed with SOS |
10/30/2018 |
| Rule |
ProposedRuleAttach2018-00594.doc |
| Statutory Authority |
10-1-109 and 10-3-1110(1), C.R.S. |
| Description of Subjects/Issues |
4-1-12 CONCERNING THE DISCLOSURE REQUIREMENTS FOR ANNUITY TRANSACTIONS - The purpose of this regulation is to provide standards for the disclosure of certain minimum information about annuity contracts to protect consumers and foster consumer education. The regulation specifies the minimum information which must be disclosed, the method for disclosing it and the use and content of illustrations, if used, in connection with the sale of annuity contracts. The goal of this regulation is to ensure that purchasers of annuity contracts understand certain basic features of annuity contracts. |
| Purpose/Objective of Rule |
The purpose of this regulation is to provide standards for the disclosure of certain minimum information about annuity contracts to protect consumers and foster consumer education. The regulation specifies the minimum information which must be disclosed, the method for disclosing it and the use and content of illustrations, if used, in connection with the sale of annuity contracts. The goal of this regulation is to ensure that purchasers of annuity contracts understand certain basic features of annuity contracts. |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
12/03/2018 |
| Hearing Time |
02:00 PM |
| Hearing Location |
1560 Broadway, Ste 110 D, Denver CO 80202 |
| Contact Name |
Christine Gonzales-Ferrer |
| Contact Title |
Rulemaking Coordinator |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@state.co.us |