L&HOhiohard
Under Ohio's 2022 best-interest annuity suitability rule (OAC 3901-6-13), which combination of producer obligations must be satisfied when recommending a replacement annuity?
ACare and disclosure only, omitting conflict-of-interest and documentation requirements
Care, disclosure, conflict-of-interest, and documentation obligations
CDisclosure and documentation only, with no duty of care
DA fiduciary duty equivalent to ERISA Section 404
Why this is the answer
OAC 3901-6-13 requires producers recommending an annuity, including a replacement, to satisfy four obligations: a duty of care, disclosure of material facts, identification and management of conflicts of interest, and documentation of the basis for the recommendation.
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