{"data":{"id":"us-in/ic-27-4-9-3","jurisdiction":"us-in","citation":"IC 27-4-9-3","heading":"Suitability of annuity recommendations","body":"Sec. 3. (a) An insurance producer, or an insurer in a case in which an insurance producer is not involved, shall not recommend to a consumer the:\n(1) purchase of an annuity; or\n(2) exchange of an annuity that results in another insurance transaction;\nthat is unsuitable for the consumer.\n(b) A determination regarding whether a purchase or an exchange under subsection (a) is unsuitable for a consumer must be made:\n(1) based on the facts disclosed by the consumer concerning the consumer's:\n(A) investments and other insurance products; and\n(B) financial situation and needs; and\n(2) according to the rule adopted under section 4 of this chapter.","path":["TITLE 27. INSURANCE","ARTICLE 4. UNFAIR COMPETITION; UNAUTHORIZED INSURERS; FOREIGN INSURERS","Chapter 9. Recommendations to Senior Consumers"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-4-9-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"8058a1ad5474becce5b4c6471fa48c84c0ae987aae899c6b8f837c09cbba0164","source_id":"us-in","stale":false,"prev":"us-in/ic-27-4-9-2","next":"us-in/ic-27-4-9-4"},"notice":"GroundRules: Original legal text. Not legal advice."}