N.M. Admin. Code § 12.15.1.11

Current through Register Vol. 35, No. 23, December 10, 2024

Section 12.15.1.11 - ADVERTISING AND PROMOTION

The promotion and sale of annuities must be effected in such a manner as to avoid confusion between federally-insured deposit products offered by the lending institution and the non-federally insured annuities sold.

A. Advertisements or other promotional material must be accurate and not misleading or deceptive.

B. Advertising materials prepared by the annuity agent or third party provider may be included in mailings by the lending institution/affiliate.

C. Advertisements and promotional materials regarding annuities sold on the premises of the lending institution must include the disclosures enumerated in Section 13.3 [now Subsection C of 12.15.1.13 NMAC].

D. Any marketing efforts engaged in, or marketing materials distributed by, the annuity agent or third party provider relating to the sale of annuities must first receive the prior approval of the lending institution/affiliate.

N.M. Admin. Code § 12.15.1.11

12/15/95; Recompiled 10/15/01