2012 North Carolina General Statutes
Chapter 58 - Insurance.
Article 63 - Unfair Trade Practices.
Section 58-63-75 - Senior-specific certifications and professional designations; rules.
58-63-75. Senior-specific certifications and professional designations; rules.
The Commissioner may adopt rules to set forth standards to protect consumers from misleading and fraudulent marketing practices with respect to the use of senior-specific certifications and professional designations in the solicitation, sale, or purchase of, or advice made in connection with, a life insurance or annuity product. These rules shall be substantially similar to the NAIC Model Regulation on the Use of Senior-Specific Certifications and Professional Designations in the Sale of Life Insurance and Annuities, as amended. The Commissioner may adopt, amend, or repeal provisions of these rules under G.S. 150B-21.1 in order to keep these rules current with the NAIC model rule. (2009-382, s. 15.)
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