§ 27-4-9-1 “Securities commissioner”
§ 27-4-9-2 “Consumer”
§ 27-4-9-3 Suitability of annuity recommendations
§ 27-4-9-4 Rules
§ 27-4-9-5 Violations
§ 27-4-9-6 Commissioner actions concerning compliance
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Terms Used In Indiana Code > Title 27 > Article 4 > Chapter 9 - Recommendations to Senior Consumers

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • consumer: means an individual who receives a recommendation to purchase or exchange an annuity that results in the recommended purchase or exchange. See Indiana Code 27-4-9-2
  • securities commissioner: refers to the commissioner appointed by the secretary of state under IC 23-19-6-1(a). See Indiana Code 27-4-9-1