[§431:10D-622]  Definitions.  For the
purposes of this part:



"Annuity" means a fixed or variable
annuity that is individually solicited, whether the product is classified as an
individual or group annuity.



"Insurance producer" means a person
required to be licensed under the laws of this State to sell, solicit, or
negotiate insurance, including annuities.



"Insurer" means a company required to
be licensed under the laws of this State to provide insurance products,
including annuities.



"Recommendation" means advice
provided by an insurance producer, or an insurer where no producer is involved,
to an individual consumer that results in a purchase or exchange of an annuity
in accordance with that advice. [L 2007, c 257, pt of §2]