20-1243. Definitions
In this article, unless the context otherwise requires:
1. " Annuity" means an annuity that is individually solicited, whether the product is classified as an individual or group annuity.
2. " Business entity" has the same meaning prescribed in section 20-281.
3. " Insurance producer" has the same meaning prescribed in section 20-281.
4. " Insurer" has the same meaning prescribed in section 20-104.
5. " Managing general agent" has the same meaning prescribed in section 20-311.
6. " Recommendation" means advice provided by an insurance producer, or an insurer if no producer is involved, to an individual consumer that results in a purchase or exchange of an annuity pursuant to that advice.
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