Section 688A.Sec. 6 - NEW"Consumer profile information" means information that is reasonably appropriate to determine whether a recommendation addresses the financial situation, insurance needs and financial objectives of a consumer, including, at a minimum, the following:
1. The age of the consumer;2. The annual income of the consumer;3. The financial situation and needs of the consumer, including debts and other obligations;4. The financial experience of the consumer;5. The insurance needs of the consumer;6. The financial objectives of the consumer;7. The intended use of the annuity;8. The financial time horizon of the consumer;9. The existing assets and financial products of the consumer, including, without limitation, holdings of investments and insurance;10. The liquidity needs of the consumer;11. The liquid net worth of the consumer;12. The risk tolerance of the consumer, including, without limitation, the willingness of the consumer to accept changes in non-guaranteed elements;13. Financial resources used to fund an annuity, including, without limitation, potential surrender charges, tax implications and penalties that could be incurred by the use of those resources; and14. The tax status of the consumer.Nev. Admin. Code § 688A.Sec. 6
Added to NAC by Comm'r of Insurance by R109-23A, eff. 11/15/2024