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

"Annuity" means a fixed or variableannuity that is individually solicited, whether the product is classified as anindividual or group annuity.

"Insurance producer" means a personrequired to be licensed under the laws of this State to sell, solicit, ornegotiate insurance, including annuities.

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

"Recommendation" means adviceprovided 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 annuityin accordance with that advice. [L 2007, c 257, pt of §2]