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Illinois Administrative Code (Last Updated: March 27, 2024) |
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TITLE50. INSURANCE |
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PART3120. SUITABILITY IN ANNUITY TRANSACTIONS |
| § 3120.10. Purpose |
| § 3120.20. Scope |
| § 3120.30. Exemptions |
| § 3120.40. Definitions |
| § 3120.50. Duties of Insurers and Insurance Producers |
| § 3120.60. Insurance Producer Training |
| § 3120.70. Compliance Mitigations; Penalties |
| § 3120.80. Recordkeeping |
| § 3120.90. Noncompliance |
| § 3120.APPENDIX A. Insurance Producer Disclosure for Annuities |
| § 3120.APPENDIX B. Consumer Refusal to Provide Information |
| § 3120.APPENDIX C. Consumer Decision to Purchase an Annuity Not Based on a Recommendation |
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SOURCE: Adopted at 31 Ill. Reg. 12747, effective January 1, 2008; amended at 35 Ill. Reg. 16087, effective September 26, 2011; amended at 47 Ill. Reg. 2312, effective February 3, 2023.
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Notation
AUTHORITY: Implementing and authorized by Article XXXI of the Illinois Insurance Code [215 ILCS 5] and further authorized by Section 401 of the Illinois Insurance Code [215 ILCS 5].