Under 50 Ill. Adm. Code 3120's disclosure obligation, at or before the time of recommending an annuity an Illinois producer must give the consumer a written disclosure that includes:

Why this is the answer

50 Ill. Adm. Code 3120's disclosure obligation is one of the four best-interest prongs. The producer must give the consumer a written disclosure, before or at the time of the recommendation, that identifies the scope and terms of the producer-consumer relationship, the producer's role as agent or broker, the types of annuity products the producer is authorized to sell, the sources of cash compensation, and whether non-cash compensation is received. Disclosing only an NPN, a Form U4, or insurer financial data does not satisfy the rule.