Reasonableness under circumstances known to insurer

An insurer's issuance of an annuity subject to § 58-33A-18 shall be reasonable under all the circumstances actually known to the insurer at the time the annuity is issued. Source: SL 2008, ch 273 , § 7; SL 2012, ch 250 , § 5; SL 2022, ch 186 , § 17, eff. Jan. 1, 2023.