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Under Ohio's 2022 annuity best-interest rule (OAC 3901-6-13), which obligation is NOT one of the four explicit duties a producer owes the consumer in an annuity recommendation?

Q: Under Ohio's 2022 annuity best-interest rule (OAC 3901-6-13), which obligation is NOT one of the four explicit duties a producer owes the consumer in an annuity recommendation?

Fiduciary obligation equivalent to ERISA Section 404 — Mirroring NAIC Model 275, OAC 3901-6-13 articulates four obligations: care, disclosure, conflict-of-interest, and documentation. It explicitly states the standard is not a fiduciary duty in the ERISA or common-law sense, even though acting in the consumer's best interest is required.

ACare obligation

Fiduciary obligation equivalent to ERISA Section 404

CDisclosure obligation

DConflict-of-interest obligation requiring full elimination of all producer compensation

Why this is the answer

Mirroring NAIC Model 275, OAC 3901-6-13 articulates four obligations: care, disclosure, conflict-of-interest, and documentation. It explicitly states the standard is not a fiduciary duty in the ERISA or common-law sense, even though acting in the consumer's best interest is required.

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