State RegulationsOH specificDifficulty 2/5
Before recommending an annuity to a consumer, what information must an Ohio producer make reasonable efforts to obtain under OAC 3901-6-13?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
OAC 3901-6-13(F)(1) requires reasonable efforts to obtain consumer profile information before the recommendation - including age, income, financial situation and needs, tax status, intended use of the annuity, existing assets, liquidity needs, risk tolerance, and the resources that would fund the purchase - so the recommendation fits the consumer's situation.
Why the other options are wrong
- A) Two data points are insufficient; the rule requires a full consumer profile covering finances, tax status, and needs.
- C) Risk tolerance alone cannot support a suitability-based recommendation; the full profile is required.
- D) A license number and employer name do not address the consumer's financial situation, needs, or objectives.
Memory hook
Profile before pitch: age, income, taxes, assets, risk, funding.