1 AE recognizes that marketing, advertising and promotion are all keys to a successful insurance sales practice. We want to help our producers achieve and sustain that success by informing them of and administering the regulatory standards associated with such material, and providing a fair and attentive review of all AE-created advertising material so that our staff and producers can use it confidently and professionally. Introduction The insurance industry is heavily regulated, primarily by the states. The marketing, advertising and sale of life insurance and annuity products have become the subject of heightened regulatory scrutiny in recent years. In the area of advertising, underlying statutes, regulations, bulletins and guidelines continue to evolve. Many of the communications our producers make in the regular course of selling life insurance and annuity products are likely encompassed in the regulatory definition of advertising. It is important for all representatives of AE to realize that compliance issues can arise from the communications our producers have and the marketing or advertising material they share with both prospective and existing customers. When improper or unapproved advertising is used, it may result in reputation or image erosion for both our producers and AE, a negative reflection on our industry, insurance department complaints, marketing restrictions, and intensified regulation. The guidelines in this Manual are derived to a large extent from the NAIC Advertisements of Life Insurance and Annuities Model Regulation, as well as its own best practices approach for the review of advertising that is based on interaction with customers, regulators and producers over many years. The Model Regulation has been adopted as the law in a majority of states, although there is some variation even among those states. Other states have their own unique regulations pertaining to advertising, although most have provisions that are similar to those found in the Model. Insurance advertising is closely regulated with frequent changes, clarifications, and bulletins issued by state departments of insurance. The following are some key points to keep in mind when developing advertising and marketing material: Broad Definition of Advertising. Please understand that the definition of advertising under the Model Regulation is very broad. For the purpose of this Manual, advertising is defined as any material designed to create interest in AE (or any affiliated company), its products or services, its producers or representatives, OR any material designed to induce the public to purchase, increase, modify, surrender, borrow on, reinstate or retain a life insurance policy or annuity contract of AE s core carriers. Identity of Agent, Purpose of Contact. For any first-point-of-contact material such as lead cards, prospecting letters and seminar invitations, the identity of the agent as a licensed insurance agent, licensed insurance producer, or licensed insurance professional must be clearly and conspicuously disclosed, and the stated purpose of the contact needs to include a reference to life insurance and/or annuities. AE expects all of its producers to follow this guideline. An increasing number of states have added specific requirements around such disclosure. For example, North Carolina s Insurance Code includes the following requirement: 1
2 An advertisement shall not make use of any method of marketing [emphasis added] that fails to disclose in a conspicuous manner that a purpose of the method of marketing is solicitation of insurance and that contact will be made by an insurance agent or insurance agency (p). Please note: All material that can be reasonably expected to lead to the sale or attempted sale of an Allianz life insurance or annuity product, needs to be submitted for review and approved prior to use. Keep in mind that submission, review and approval is still required regardless of whether the material specifically mentions Allianz, its products or product features. Identity of insurer, product. For those advertisements that do refer to an insurer, its specific products or product features, the Model Regulation requires that the issuing company s full name and home office location is prominently displayed, and the full product name, product type and form number is referenced. Therefore, an advertisement that includes any reference to AE s core carriers, their products or riders, or any features of such products or riders, must include the information described above and, of course, be submitted to such carrier for review and approval prior to use. Accuracy and Truthfulness. No advertising material that is used by AE producers should contain information that is untrue, misleading or deceptive, nor should any advertisement omit material information where such omission would tend to misrepresent the product or concept advertised. If insurance products or their characteristics are described in an advertisement, they should be clearly identified as insurance products and not be described via alternative references such as fund, account, investment or plan. Guaranteed and Non-Guaranteed Elements. Under the Model Regulation, advertisements cannot utilize or describe non-guaranteed policy elements in any manner that is misleading and there can be no indication that non-guaranteed elements are guaranteed. The Model Regulation requires that any illustration, depiction or portrayal of non-guaranteed elements such as premiums, rates or values shall contain a clear statement that they are not guaranteed. And, consistent with the Model Regulation, if a consumer advertisement contains illustrations or statements containing or based upon non-guaranteed policy elements, it shall set forth with equal prominence, and in close proximity thereto, comparable illustrations or statements containing or based upon the guaranteed elements. Disclosures. AE s Ad Review Team has developed and maintains a database of standard disclosure language to assist in constructing compliant advertising and marketing material that will provide important information to customers. Remember that disclosures are meant to further clarify the content of any advertising material and are not to be used as a hedge for potentially misleading, incomplete or inaccurate information provided within the content of the material. The content of any advertising material should be sufficiently clear and all topics fully explained without the need for specific disclosures to provide the complete picture. Nonetheless, there are times when disclosures may be appropriate and in the objective we will cover some common generic examples for your reference. Certain disclosures would obviously need to be modified based on the producer s qualifications and the content of the material. 2
3 Objectives This Compliance Manual was created to assist you in understanding important AE guidelines and procedures related to market conduct and compliance issues, and to help both AE staff and our producers develop a best practices approach to their business activities. In order to fairly and effectively conduct business, our staff and producers must have a thorough knowledge and understanding of AE s positions and guidelines, as well as the laws and regulations of the states in which our producers solicit business All of our producers are presented with the same fundamental challenges of successfully growing their business, achieving customer satisfaction and loyalty, and complying with the regulatory regimes of the states in which they operate. Our producers have made a commitment to their customers to provide life insurance and annuity products that provide value and versatility over a long period of time. For that reason, our producers must recognize the importance of making product recommendations based on customers needs. Another common objective among our producers is maintaining solid long-term relationships with their customers by providing outstanding service after the sale. To further these goals, AE wants to equip our staff and our producers with a basic foundation for good market conduct by providing as much information and guidance as we can in the areas of insurance regulation, Company positions and requirements, and training opportunities on compliance issues. The business of selling and servicing life insurance and annuity products can be both challenging and rewarding. Long term success in the business is achievable only through a dedication to clients, respect for our industry, and a fundamental understanding of what constitutes acceptable market conduct in the eyes of regulators as well as the companies we represent. AE and its producers must recognize that our mutual success is only sustainable if we focus on doing the right things for the customer. That emphasis on treating prospective and existing customers with due care goes a long way in solidifying AE s reputation as well as the reputation of our producers. The guidelines and positions described in this Manual reflect the goals and values of AE. Also understand that these guidelines are intended to help you become familiar with AE s compliance rules and standards that our producers have committed to follow under the terms of the Advisors Excel Compliance and Ethical Market Conduct Guidelines and that we have committed to enforce. Our staff and our producers should understand that AE is committed to conducting business in a manner that is consistent with the following principles of market conduct: Principle 1: Principle 2: Principle 3: Principle 4: Principle 5: Principle 6: To conduct business according to high standards of honesty and fairness and to render that service to its customers which, in the same circumstances, it would apply to or demand for itself. To provide competent and customer-focused sales and service. To engage in active and fair competition. To provide advertising and sales materials that are clear as to purpose and honest and fair as to content. To provide for fair and expeditious handling of customer complaints and disputes. To maintain a system of supervision and monitoring that is reasonably designed to demonstrate the company s commitment to and compliance with these principles. When we are truly focused on the needs, the goals, and the aspirations of our customers, we all benefit from the enduring relationships such a perspective creates. Please take the time to review this Guide and keep it in a convenient place for your own reference as needed. 3
4 The National Association of Insurance Commissioners (NAIC) Model Regulations (Model 570) provides guidance and sets standards for what may and may not be included in financial and insurance product advertisements. The following information provides the text of relevant sections of NAIC Model 570 as well as a brief discussion of how those regulations are applicable to the advertisement review process. Purpose: NAIC Model 570 section 1 The purpose of this regulation is to set forth minimum standards and guidelines to assure a full and truthful disclosure to the public of all material and relevant information in the advertising of life insurance policies and annuity contracts. Section one of the NAIC model regulations states the purpose. These regulations were produced to provide standard rules for the advertising of insurance products. Not all states have adopted the guidelines set forth by the NAIC; some have adopted only particular sections, while others have adopted the rules in their entirety and a few have not yet implemented any of the regulations. Definitions: Advertisement: NAIC Model 570 section 2 Material designed to create public interest in life insurance or annuities or in an insurer, or in an insurance producer; or to induce the public to purchase, increase, modify, reinstate, borrow on, surrender, replace or retain a policy including [but not limited to]: Printed and published material, audiovisual material and descriptive literature of an insurer or insurance producer used in direct mail, newspapers, magazines, radio and television scripts, telemarketing scripts, billboards and similar displays, and the Internet or any other mass communication media; Descriptive literature and sales aids of all kinds, authored by the insurer, its insurance producers, or third parties, issued, distributed or used by the insurer or insurance producer; including but not limited to circulars, leaflets, booklets, web pages, depictions, illustrations and form letters; Material used for the recruitment, training and education of an insurer's insurance producers which is designed to be used or is used to induce the public to purchase, increase, modify, reinstate, borrow on, surrender, replace or retain a policy; Prepared sales talks, presentations and material for use by insurance producers. 4
5 Advertisement for the purpose of this regulation shall not include: Communications or materials used within an insurer's own organization and not intended for dissemination to the public; Communications with policyholders other than material urging policyholders to purchase, increase, modify, reinstate or retain a policy Examples of Advertising: Audio Recordings Brochures Business Cards s Illustrations Invitations Lead Cards/Postcards Letterheads Magazine Ads Magazine Articles Needs Analysis Newsletters Newspaper Ads Newspaper Articles Posters/Banners Presentations/Seminars Press Releases Producer Training Materials Product Fact Sheets Profiles Prospecting Letters Radio Telemarketing Ads Television Ads Television Appearances Video Presentations Websites Regardless of the licenses you possess or the regulatory requirements to which you are subject, it often appears that there is very little room for creativity when it comes to advertising. Even if the material you are considering using does not seem to fit within the above categories, if you plan on using it at any point in the sales process, it is likely to be considered advertising. When are Advertisements Subject to Review by an FCO? The Compliance Department reviews all material created by Advisors Excel and provides feedback to the Creative Department regarding any compliance concerns within the material. While the Compliance Team is responsible for the final approval of some materials, in-scope projects require us to send them for review by either an Empowered FCO (Currin), or insurance carrier. Material only needs to be reviewed by an insurance carrier if any content - directly or indirectly- references that carrier, its product(s), or any feature(s) of its product(s). For example, a PowerPoint explaining an individual producer s annuity sales strategy must be sent to an Empowered FCO for review when the final product is complete. Likewise, if that PowerPoint contained information related to a specific carrier or carrier product, it must be sent to that carrier for review. A PowerPoint containing both in-scope material and a specific carrier must be sent to an Empowered FCO as well as that carrier. Below is a list of material that is considered in-scope along with examples of carriers; it contains the most common types of material requiring outside review and is subject to change. In-Scope Material Requiring Outside Review by an FCO Advanced marketing pieces Lead generation Seminars- including invitations and agendas Non-carrier specific annuity pieces Training materials for agents Sales concepts 5
6 NAIC Model 570 section 3 Applicability: This regulation shall apply to any life insurance or annuity advertisement intended for dissemination in [the United States]. (See summary) All advertisements, regardless of by whom written, created, designed or presented, shall be the responsibility of the insurer, as well as the producer who created or presented the advertisement. Insurers shall establish and at all times maintain a system of control over the content, form and method of dissemination of all advertisements of its policies. Depending on the license(s) producers possess, their advertisements may be subject to multiple sets of regulatory requirements at both state and federal levels. Inasmuch as producers are ultimately responsible for any advertisements they use, regardless of by whom written, created, designed or presented, you should be familiar with the state insurance laws and regulations of all states in which insurance sales are solicited, as well as the compliance requirements of the insurance carriers Advisors Excel works with. Form and Content of Advertisements: NAIC Model 570 section 4 Advertisements shall be truthful and not misleading in fact or by implication. The form and content of an advertisement of a policy shall be sufficiently complete and clear so as to avoid deception. It shall not have the capacity or tendency to mislead or deceive. Whether an advertisement has the capacity or tendency to mislead or deceive shall be determined by the Commissioner of Insurance from the overall impression that the advertisement may be reasonably expected to create upon a person of average education or intelligence within the segment of the public to which it is directed. No advertisement shall use the [following] terms: Investment Investment Plan Founder's Plan Charter Plan Deposit Expansion Plan Profit Profits Profit Sharing Interest Plan Savings Savings Plan Private Pension Plan Retirement Plan... or other similar terms in connection with a policy in a context or under such circumstances or conditions as to have the capacity or tendency to mislead a purchaser or prospective purchaser of policy... Language in National Association of Insurance Commissioners (NAIC) models on advertising prohibits the use of these terms if they may lead a consumer to infer that the product they are purchasing is anything other than what it is held out to be in the advertisement. For example, an insurance-only producer cannot use the words investment plan when referring to fixed annuities 6
7 or other insurance company products. Investments are securities; IO professionals are prohibited from using securities terms because they do not hold the proper license to discuss them. Use of securities terms in advertisements may lead a consumer to believe they are purchasing a securities product when they are, in fact, purchasing an insurance product or annuity. To remedy the example above, consider replacing investment plan with financial vehicle, or another similar alternative. When reviewing material for compliance, step back and look at the overall impression of the content. If, as a whole, the advertisement has the capacity or tendency to mislead or deceive, the problematic words and phrases need to be replaced for clarity. Disclosure Requirements: NAIC Model 570 section 5 The information required to be disclosed by this regulation shall not be minimized, rendered obscure, or presented in an ambiguous fashion or intermingled with the text of the advertisement so as to be confusing or misleading. An advertisement shall prominently describe the type of policy advertised. An advertisement shall not use as the name or title of a life insurance policy any phrase that does not include the words "life insurance" unless accompanied by other language clearly indicating it is life insurance. An advertisement shall not use as the name or title of an annuity contract any phrase that does not include the word "annuity" unless accompanied by other language clearly indicating it is an annuity. An advertisement of an insurance policy marketed by direct response techniques shall not state or imply that because there is no insurance producer or commission involved there will be a cost saving to prospective purchasers unless that is the fact. The words "free," "no cost," "without cost," "no additional cost," "at no extra cost," or words of similar import shall not be used with respect to any benefit or service being made available with a policy unless true. If there is no charge to the insured, then the identity of the payor shall be prominently disclosed... No insurance producer may use terms such as "financial planner," "investment adviser," "financial consultant" or "financial counseling" in such a way as to imply that he or she is generally engaged in an advisory business in which compensation is unrelated to sales unless that actually is the case. Unless otherwise specified in [the governing state s rules and regulations], an advertisement that includes any illustrations or statements containing or based upon nonguaranteed elements shall set forth, with equal prominence comparable illustrations or statements containing or based upon the guaranteed policy elements. Testimonials, appraisals or analysis used in advertisements must: be genuine; represent the current opinion of the author; 7
8 be applicable to the policy advertised, if any; and be accurately reproduced with sufficient completeness to avoid misleading or deceiving prospective insureds as to the nature or scope of the testimonial, analysis or endorsement. In using testimonials, or endorsements; the insurance producer makes as its own all the statements contained therein. These statements are subject to the provisions of this regulation. If the individual making a testimonial or endorsement has a financial interest in the insurer or related entity as a stockholder, director, officer, employee or otherwise, or receives any benefit directly or indirectly other than required union scale wages, that fact shall be prominently disclosed in the advertisement. An advertisement shall not state or imply that an insurer or a policy has been approved or endorsed by a group of individuals, society, association or other organization unless such is the fact and unless any proprietary relationship between an organization and the insurer is disclosed. If the entity making the endorsement or testimonial is owned, controlled or managed by the insurer, or receives any payment or other consideration from the insurer for making an endorsement or testimonial, that fact shall be disclosed in the advertisement. An advertisement shall not contain statistical information relating to any insurer or policy unless it accurately reflects recent and relevant facts. The source of any statistics used in advertisement shall be identified. Below are a few examples to consider in applying the above mentioned regulations: EXAMPLE NON- COMPLIANT COMPLIANT Five year term life policy Five year term life insurance policy Immediate Fixed Index product Immediate Fixed Index Annuity product We know life insurance is expensive, that s why we We know life insurance is expensive, that s why we re won t charge a commission on our cost-saving offering $100 off of your first month s payment Term Life Insurance policy. and won t charge a commission on our cost-saving Term Life Insurance policy. Our insurance premiums never change, so consider Our insurance premiums are subject to change, so purchasing your policy today for the low cost of $100. consider purchasing your policy today for the low cost of $100. SEE COMMENT BOX 1 BELOW Insurance Only Producer: Sign up now for an informational meeting and enjoy your first retirement income review at no additional cost- a $100 value. SEE COMMENT BOX 1 BELOW Dually Licensed Producer: Sign up now for an informational meeting and enjoy your first retirement income review at no additional cost- a $100 value. SEE COMMENT BOX 2 BELOW SEE COMMENT BOX 2 BELOW Comment 1: In this example the non-compliant advertisement states that the company s premiums never change, therefore, they are guaranteed issue, which contradicts the NAIC Model Regulation. However, the compliant advertisement does follow the NAIC guideline. The company s insurance premiums are subject to change, which makes them non-guaranteed issue. Non-guaranteed issue advertisements may reference products as low-cost or inexpensive. Comment 2: The difference between the non-compliant and compliant scenario is the licensing of each agent. IO producers are prohibited from stating that there is no additional cost for a review because they do not charge a fee for their services, thus making the statement untrue. However, DL producers can charge a fee for their services. For this reason, the DL scenario is compliant because the statement is true. 8
9 Section 5 lists the different attributes of an advertisement that require a disclosure. Disclosures must be in close proximity to the wording that requires its use, or intermingled within the text of the document. Any use of the [F]or financial professional use only not to be used with the general public or in a sales situation, disclosure must be in size 14 point font. When the use of any other disclosure is required it must be the same font size as the text of the material, and no smaller than 10 point. However, disclosures on all PowerPoints should be 14 point unless the body of the slide is smaller. Important to Note: Disclosures are not intended to remedy improper use of designations, problematic words or phrases, misleading images, et cetera. The use of disclosures is to provide further clarity on concepts within an advertisement and will not render a producer immune from potential discipline. Identity of Insurer: NAIC Model 570 section 6 The name of the insurer shall be clearly identified in all advertisements about the insurer or its products. California and Arkansas require agents to include their license number on advertisements. An advertisement shall not use any combination of words, symbols or physical materials that by their content, phraseology, shape, color or other characteristics are so similar to a combination of words, symbols or physical materials used by a governmental program or agency or otherwise appear to be of such a nature that they tend to mislead prospective insureds into believing that the solicitation is in some manner connected with a governmental program or agency. If an advertisement contains information about the insurer of a product or any of its products the name of the insuring company must be identified in the content. Further, any content within the advertisement must not lead consumers to believe that the company, agent or product is affiliated with the United States government. For example, a picture of a bald eagle or the White House may lead a consumer to infer that the producer of the material is affiliated with a government entity when that is not the case. 9
10 NAIC Model 570 section 7 Jurisdictional Licensing and Status of Insurer: An advertisement that is intended to be seen or heard beyond the limits of the jurisdiction in which the insurer is licensed shall not imply the agent/advisor is licensed beyond those limits. Insurers and insurance producers cannot distribute advertisements stating the jurisdictions in which they are licensed if those advertisements suggest or imply that competing insurers or insurance producers may not be licensed in those jurisdictions. An advertisement shall not create the impression that the subject of the advertisement is endorsed by any governmental entity. If an advertisement contains content that may imply a government affiliation (i.e., taxes, Social Security, etc.) the following disclosure should be provided: [Firm Name] is not affiliated with the U.S. government or any governmental agency. Please remember that disclosures do not mitigate any problematic content, but rather are included to provide consumers with further clarity regarding the content of the advertisement. However, where a governmental entity has recommended or endorsed a policy form or plan, that fact may be stated if the entity authorizes its recommendation or endorsement to be used in an advertisement. Insurance agents may distribute advertisements in jurisdictions in which they are not licensed provided the advertisement does not imply the agent is licensed to sell insurance in that jurisdiction. Further, agents cannot suggest that competing insurers or insurance producers may not be licensed in a given jurisdiction. Lastly, advertisements should not imply the topic of the advertisement is endorsed by the U.S. government unless that is the case and inclusion of the endorsement in the advertisement has been approved by the relevant government entity. Statements About the Insurer: NAIC Model 570 section 8 An advertisement shall not contain false or misleading statements, pictures or illustrations with respect to the assets, liabilities, insurance in force, corporate structure, financial condition, age or relative position of the insurer in the insurance industry. An advertisement shall not contain a recommendation by any commercial rating system unless it clearly defines the scope and extent of the recommendation. This includes, but is not limited to, the placement of the insurer s rating in the hierarchy of the rating system cited. 10
11 In short, advertisements should not contain financial information or ratings of insurance companies. Inclusion of that content has the potential to promote consumer bias regarding insurers. Enforcement Procedures: NAIC Model 570 section 9 Insurers shall maintain a complete file containing a copy of every printed, published or prepared advertisement of its policies disseminated in the state. If a state insurance commissioner determines an advertisement has the capacity or tendency to mislead or deceive the public he/she may require an insurer or insurance producers to submit all or any part of the advertising material for review or approval prior to use. All insurers shall file an annual document stating that to the best of the authorized officer of the insurer s knowledge, the advertisements disseminated were complied. Insurers must keep records of all advertisements they distribute. If a state insurance commissioner deems an agent s or insurer s advertisement to be misleading or deceptive they may require the agent or insurer to submit future advertisements for review/approval. Insurers shall submit an annual statement that all advertisements were complied prior to distribution. Penalties: NAIC Model 570 section 10 An insurer or its officer, directors, producers or employees that violate any of the provisions of this regulation, or knowingly participate in or abet such violation, shall be subject to a fine up to $1000 for each violation and suspension or revocation of its certificate of authority or license. Be compliant or risk receiving a fine or loss of license. 11
STATE OF ARKANSAS Agency # 054.00 INSURANCE DEPARTMENT RULE AND REGULATION 17 RULES GOVERNING SOLICITATION AND ADVERTISEMENT OF LIFE INSURANCE SECTION 1. AUTHORITY The Rule is adopted and promulgated by
united heritage advertising guidelines United Heritage Life Insurance Company a United Heritage Financial Group Company P.O. Box 7777 Meridian, Idaho 83680-7777 Toll Free 1-800-657-6351 www.unitedheritage.com
DEPARTMENT OF CONSUMER AND INDUSTRY SERVICES INSURANCE BUREAU ADVERTISEMENT OF LIFE INSURANCE AND ANNUITIES (By authority conferred on the commissioner of insurance by section 210 of Act No. 218 of the
Sec. 38a-819 page 1 (2-08) TABLE OF CONTENTS Unfair Insurance Practices: Advertisements of Accident and Sickness Insurance Purpose................................. 38a-819-1 Applicability..............................
Security Benefit Life Insurance Company Advertising Guidelines I. Introduction Security Benefit Life Insurance Company (SBL) created these Guidelines to assist you in developing materials used in the marketing
CHAPTER 20:06:10 ADVERTISEMENTS AND SOLICITATIONS OF HEALTH AND LIFE INSURANCE Section 20:06:10:01 Definitions. 20:06:10:02 Advertisements and solicitations subject to regulations. 20:06:10:02.01. General
DEPARTMENT OF CONSUMER AND INDUSTRY SERVICES INSURANCE BUREAU ACCIDENT AND SICKNESS INSURANCE ADVERTISING (By authority conferred on the commissioner of insurance by sections 210 and 2007 of Act No. 218
For Further Assistance and Training, Contact: National Association for Fixed Annuities Securing the Future! Advertising and Disclosure Principles For Fixed Annuities Fixed annuities play a vital role in
BEFORE THE COMMISSIONER OF INSURANCE -12 OF THE STATE OF KANSAS FINAL ORDER EFFECTIVE: 11-5-12 In the Matter of ) 5 STAR LIFE INSURANCE CO. ) Docket No. NAIC#77879 ) ) CONSENT AGREEMENT AND FINAL ORDER
California Senate Bill 620 Impacts agents selling in the state of California only. This information, as it relates to products offered by Security Benefit Life Insurance Company, is being provided to you
CHAPTER 88 AN ACT concerning certain annuity products, and supplementing chapter 25 of Title 17B of the New Jersey Statutes. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:
Ref: Information Letter [-]/[-] (LT&ST) FINANCIAL SERVICES BOARD REPUBLIC OF SOUTH AFRICA LONG-TERM INSURANCE ACT, 1998 (ACT 52 OF 1998) SHORT-TERM INSURANCE ACT, 1998 (ACT 53 OF 1998) Addressee: Long-term
RULE AND REGULATION 11 Agency # 054.00 ADVERTISEMENTS OF DISABILITY INSURANCE SECTION 1. Purpose 2. Authority 3. Effective Date 4. Applicability 5. Definitions 6. Method of Disclosure of Required Information
Article 60. Standards of Disclosure for Annuities and Life Insurance. Part 1. Regulation of Life Insurance Solicitation. 58-60-1. Short title; purpose. (a) This Part may be cited as the "Life Insurance
Article 60. Standards of Disclosure for Annuities and Life Insurance. Part 1. Regulation of Life Insurance Solicitation. 58-60-1. Short title; purpose. (a) This Part may be cited as the "Life Insurance
ANNUAL AGENT BULLETIN October 2015 Transamerica Life Insurance Company Transamerica Financial Life Insurance Company Transamerica Advisors Life Insurance Company Transamerica Premier Life Insurance Company
Model Regulation Service 2 nd Quarter 2015 ADVERTISEMENTS OF LIFE INSURANCE AND ANNUITIES MODEL REGULATION Table of Contents Section 1. Section 2. Section 3. Section 4. Section 5. Section 6. Section 7.
NORTH CAROLINA GENERAL ASSEMBLY 1979 SESSION CHAPTER 447 SENATE BILL 428 AN ACT RELATING TO THE SOLICITATION OF LIFE INSURANCE AND REQUIRING THE DISCLOSURE OF COST AND OTHER PERTINENT INFORMATION TO PURCHASERS.
RULES OF THE DEPARTMENT OF INSURANCE DIVISION OF INSURANCE CHAPTER 0780-1-40 RELATING TO LIFE INSURANCE SOLICITATION TABLE OF CONTENTS 0780-1-40-.01 Purpose 0780-1-40-.05 General Rules 0780-1-40-.02 Scope
Youngevity Essential Life Sciences & Youngevity International, Inc. Guidelines for Distributor created and maintained websites The following excerpts from Youngevity s Policies and Procedures are compiled
Title 210 -- NEBRASKA DEPARTMENT OF INSURANCE Chapter 33 -- LIFE INSURANCE SOLICITATION 001. Authority. This rule is adopted and promulgated by the Nebraska Department of Insurance pursuant to NEB. REV.
Writing the Business - Compliance Guide Retirement Solutions Division For Producer Use Only. Not For Use With the Public. The Retirement Solutions Division of Pacific Life makes this Writing the Business
VERMONT DEPARTMENT OF BANKING AND INSURANCE REVISED REGULATION 77-2 VERMONT LIFE INSURANCE SOLICITATION REGULATION Section 1. AUTHORITY This rule is adopted and promulgated by the Commissioner of Banking
Part I. Texas Department of Insurance Page 1 of 85 SUBCHAPTER B. INSURANCE ADVERTISING, CERTAIN TRADE PRACTICES, AND SOLICITATION 28 TAC 21.102-21.104, 21.106-21.109, 21.113-21.116, and 21.119-21.122 1.
TITLE 13 CHAPTER 9 PART 5 INSURANCE LIFE INSURANCE AND ANNUITIES LIFE INSURANCE DISCLOSURE 126.96.36.199 ISSUING AGENCY: New Mexico Public Regulation Commission, Insurance Division. [188.8.131.52 NMAC - Rp 13 NMAC
GUIDELINES FOR ADVERTISING AND MARKETING OF FINANCIAL PRODUCTS Issued under section 7(1) of the Financial Services Act 2007 October 2014 TABLE OF CONTENTS CHAPTER 1 - INTRODUCTION... 2 1.1 Background and
Model Regulation Service April 1999 ADVERTISEMENTS OF ACCIDENT AND SICKNESS INSURANCE MODEL REGULATION Table of Contents Section 1. Purpose Section 2. Applicability Section 3. Definitions Section 4. Method
The Supreme Court of Florida has issued new lawyer advertising rules, which will be effective at 12:01 a.m. on May 1, 2013. In re: Amendments to the Rules Regulating The Florida Bar - Subchapter 4-7, Lawyer
Model Regulation Service April 1999 ADVERTISEMENTS OF ACCIDENT AND SICKNESS INSURANCE MODEL REGULATION Table of Contents Section 1. Section 2. Section 3. Section 4. Section 5. Section 6. Payable Section
INSURANCE I am a member of the American Academy of Actuaries (or if not, state other qualifications to sign annual statement actuarial opinions). I have examined the interest-indexed universal life insurance
MISLEADING ADVERTISING GUIDE Complying with The Competition Act CREA THE CANADIAN REAL ESTATE ASSOCIATION Table of Contents Introduction...............................................2 What is Misleading
Attorney Advertising, Solicitation, and Professional Notices The following questions and answers are designed to assist the Bar in identifying issues and relevant disciplinary rules pertaining to attorney
blog Agent Advertising Guidelines presented by Guggenheim Life and Annuity Company ADVGUID 07/2012 MARKETING@GUGGENHEIMINSURANCE.COM 800 767 7749 PHONE 317 574 6278 FACSIMILE PAGE 1 OF 12 OVERVIEW A. What
Rules of Department of Insurance, Financial Institutions and Professional Registration Chapter 5 Advertising and Material Disclosures Title Page 20 CSR 400-5.100 Life Insurance Advertising...3 20 CSR 400-5.200
Guidelines Legal Services Advertising, Marketing and Promotion The purpose of these Guidelines is to provide practitioners with a starting point for seeking general information about their professional
NEW YORK STATE ATTORNEY GENERAL'S ADVERTISING, MARKETING and PROGRAM GUIDELINES FOR MEDICAL AND PRESCRIPTION DISCOUNT CARDS ELIOT SPITZER Attorney General Bureau of Consumer Frauds and Protection Thomas
DEPARTMENT OF FINANCIAL SERVICES Division of Insurance Agent and Agency Services RULE NO.: 69B-220.051 69B-220.201 RULE TITLE: Conduct of Public Adjusters and Public Adjuster Apprentices Ethical Requirements
Inc. Marketing/Advertising Policy Sub policy: Mortgage Acts and Practices (MAPS) Original Date of Approval: 01.31.2013 Renewal/Revision Date: 01.31.2014 Responsibility: Risk Management/Compliance Applicability:
INSURANCE DEPARTMENT OF BANKING AND INSURANCE DIVISION OF INSURANCE Life Insurance Solicitation Proposed Repeals and New Rules: N.J.A.C. 11:4 11 Authorized By: Steven M. Goldman, Commissioner, Department
Ch. 87 SPECIAL REQUIREMENTS 31 CHAPTER 87. REQUIREMENTS FOR CERTAIN LIFE INSURANCE POLICIES AND SALES PRACTICES GENERAL PROVISIONS Sec. 87.1. Definitions. 87.2. Purpose. 87.3. Guaranteed annual endowments.
CREDIT REPAIR ORGANIZATIONS ACT 15 U.S.C. 1679 et. seq. Please note that the information contained herein should not be construed as legal advice and is intended for informational purposes only. In addition,
DELAWARE DEPARTMENT OF INSURANCE MARKET CONDUCT EXAMINATION REPORT American Equity Investment Life Insurance Company NAIC # 92738 6000 Westown Parkway West Des Moines, Iowa 50266-5921 As of June 30, 2011
Ch. 82 VARIABLE LIFE INSURANCE 31 CHAPTER 82. VARIABLE LIFE INSURANCE Sec. 82.1. Definitions. GENERAL PROVISIONS QUALIFICATION OF INSURER TO ISSUE VARIABLE LIFE INSURANCE 82.11. Scope. 82.12. Licensing
STATE OF OKLAHOMA nd Session of the rd Legislature () HOUSE BILL AS INTRODUCED By: Mulready An Act relating to insurance; amending O.S., Section 0, which relates to defining unfair practices and frauds;
HOW THE ADVERTISING RULES INTERSECT WITH SOCIAL NETWORKING SITES Presented by: MICHAEL DOBBS Program Coordinator State Bar of Texas Written by: MICHAEL DOBBS Program Coordinator Advertising Review/Committees
Florida Administrative Code Rule 69B-220.051 Conduct of Public Adjusters. (1) Purpose and Scope. This rule sets forth department policy as to certain matters generally affecting public adjusters. Procedures
U.S. INTERNET, MAIL ORDER AND LEAD GENERATION REGULATIONS Effective May 28, 2001 These regulations apply to distributor web sites, mail order programs, lead generation programs and associated practices
Insurance Consumer Protection The Gramm-Leach-Bliley Financial Services Modernization Act (the Act) was enacted on November 12, 1999. Section 305 of the Act required the federal banking agencies (the Agencies)
Regulatory Practice Letter May 2013 RPL 13-10 Senior Designations for Financial Advisers- CFPB Report Executive Summary The Bureau of Consumer Financial Protection s (CFPB or Bureau) Office of Financial
69B-220.051 Conduct of Public Adjusters and Public Adjuster Apprentices. (1) Purpose and Scope. This rule sets forth Department policy as to certain matters generally affecting public adjusters and public
Code of Ethics Old North State Trust, LLC (the Company ) has adopted this Code of Ethics in recognition of the principle that all Supervised Persons (as defined below) of the Company have a fiduciary duty
TITLE 13 CHAPTER 9 PART 6 INSURANCE LIFE INSURANCE AND ANNUITIES REPLACEMENT OF LIFE INSURANCE AND ANNUITIES 184.108.40.206 ISSUING AGENCY: New Mexico Public Regulation Commission, Insurance Division. [220.127.116.11
TITLE 13 CHAPTER 9 PART 17 INSURANCE LIFE INSURANCE AND ANNUITIES MILITARY SALES PRACTICES 18.104.22.168 ISSUING AGENCY: New Mexico Public Regulation Commission Insurance Division. [22.214.171.124 NMAC - N, 1/1/08]
SCHOWALTER & JABOURI FINANCIAL SERVICES, INC. CODE OF ETHICS Rule 204A-1 requires Investment Advisers to adopt and enforce Codes of Ethics. Adviser s Code of Ethics should include the following: An Investment
The Credit Repair Organizations Act CHAPTER 2--CREDIT REPAIR ORGANIZATIONS(1) SEC. 2451. REGULATION OF CREDIT REPAIR ORGANIZATIONS. Title IV of the Consumer Credit Protection Act (Public Law 90-321, 82
Regulation of Lawyer Advertising Proposed Changes to the S.C. Rules of Professional Conduct RULE 1.0 DEFINITIONS (additions) a) Advertise: To disseminate an advertisement or cause an advertisement to be
COMPLIANCE GUIDELINES FOR OUR PRODUCERS IN TODAY S MARKET PLACE Our Company Producer Standards and Best Practices IA American Life Insurance, American-Amicable Life Insurance Company of Texas, Occidental
December 2010 CFP Board s Standards of Professional Conduct: Frequently Asked Questions INTRODUCTION This document of answers to Frequently Asked Questions (FAQs) concerning CFP Board s Standards of Professional
Public Act No. 15-162 AN ACT CONCERNING A STUDENT LOAN BILL OF RIGHTS. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective October 1, 2015)
ADMINISTRATIVE PROCEEDING BEFORE THE MARYLAND SECURITIES COMMISSIONER IN THE MATTER OF: * Aurora Investment Management Group LLC * File No.: 2015-0069 and * Ronald F. McDonald III, CRD # 2385464 * Respondents
Advertising Credit And Lease Arrangements: How To Comply With The Truth In Lending Act The federal Truth in Lending Act ("TILA") governs most consumer credit transactions. Its companion law the Consumer
DELAWARE DEPARTMENT OF INSURANCE MARKET CONDUCT EXAMINATION REPORT NAIC # 86231 333 Edgewood Road NE Cedar Rapids, IA 52499 As of December 31, 2010 Table of Contents EXECUTIVE SUMMARY... 1 SCOPE OF EXAMINATION...
69-65. Military Sales Practices Section 1. Purpose A. The purpose of this regulation is to set forth standards to protect active duty service members of the United States Armed Forces from dishonest and
DIVISION OF SECURITIES INVESTMENT ADVISOR SELF-INSPECTION CHECKLIST July 2013 0 Investment Advisor Self-Inspection Checklist Registration Is the investment advisor properly registered in the IARD System?
Credit Repair Organizations Act Title IV of the Consumer Credit Protection Act (Public Law 90-321, 82 Stat. 164) is amended to read as follows: TITLE IV--CREDIT REPAIR ORGANIZATIONS'' Sec. 401. Short title.
9423311 B216829 UNITED STATES OF AMERICA BEFORE FEDERAL TRADE COMMISSION Commissioners: Robert Pitofsky Mary L. Azcuenaga Janet D. Steiger Roscoe B. Starek, III Christine A. Varney ) In the Matter of )
1. Background CONCEPT PAPER ON REGULATION OF INVESTMENT ADVISORS 1.1 Section 11 (2)(b) of SEBI Act empowers SEBI to register and regulate working of Investment Advisors and such other intermediaries who
CODES COMPLAINTS EMPLOYEE CERTIFICATION FEDERAL LAWS NACSO GUIDELINES LOG OUT CHAPTER 2--CREDIT REPAIR ORGANIZATIONS SEC. 2451. REGULATION OF CREDIT REPAIR ORGANIZATIONS. Title IV of the Consumer Credit
PROFESSIONALISM in PRACTICE Southwest Actuarial Forum San Antonio, Texas 10 December 2010 Disclaimer: The opinions expressed are solely those of the presenter and are not approved positions of the American
DELAWARE DEPARTMENT OF INSURANCE MARKET CONDUCT EXAMINATION REPORT NAIC #67466 700 Newport Center Drive Newport Beach, CA 92660 As of December 31, 2010 Table of Contents SALUTATION... 1 EXECUTIVE SUMMARY...
CHAPTER 2013-163 Committee Substitute for Committee Substitute for Senate Bill No. 166 An act relating to annuities; amending s. 627.4554, F.S.; providing that recommendations relating to annuities made