We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Wash. Enacts Consumer Protection Law For Annuities

Law360 (March 31, 2009, 12:00 AM EDT) -- The state of Washington has joined the majority of U.S. states in imposing consumer protection measures on the sale of annuities, with the governor signing a bill that will require annuities sellers and insurers to evaluate a consumer's individual financial situation before completing transactions.

Washington Gov. Chris Gregoire on Monday signed Senate Bill 5671, which applies strict consumer protection measures and reporting requirements for insurers to the sale of fixed and variable annuities in the state beginning in July, in an effort to ensure customers are...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.