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2005 Arizona Revised Statutes - Revised Statutes §20-1243 Definitions
In this article, unless the context otherwise requires:
1. "Annuity" means a fixed or variable 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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