CHAPTER 27-4.4
The Standard Nonforfeiture Law for Individual Deferred Annuities

SECTION 27-4.4-10

§ 27-4.4-10. Inclusion of lapse of time considerations.

Any paid-up annuity, cash surrender, or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.

History of Section.
(P.L. 1993, ch. 180, § 1.)