§ 58-60-165. Definitions. - North Carolina Statutes

§ 58‑60‑165. Definitions.

As used in this Part:

(1)        "Annuity"means a fixed annuity or variable annuity that is individually solicited,whether the product is classified as an individual or group annuity.

(2)        "Insuranceproducer" has the same meaning as in G.S. 58‑33‑10(7).

(3)        "Recommendation"means advice provided by an insurance producer, or an insurer where no produceris involved, to an individual consumer that results in a purchase or exchangeof an annuity in accordance with that advice. (2007‑298, s. 1.1.)