Annuity and endowment contracts--Standard provisions required, exceptions.

Checkout our iOS App for a better way to browser and research.

58-15-57. Annuity and endowment contracts--Standard provisions required, exceptions.

No annuity or pure endowment contract, other than reversionary, survivorship, or group annuities and except as stated herein or in §58-15-58, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in §§58-15-59 to 58-15-64, inclusive. Any of such provisions not applicable to single premium annuities or single premium pure endowment contracts shall not, to that extent, be incorporated therein.

Source: SL 1966, ch 111, ch 23, §18 (1).


Download our app to see the most-to-date content.