Legislation
SECTION 4513
Annuity certificates; compliance with rules and regulations
Insurance (ISC) CHAPTER 28, ARTICLE 45
§ 4513. Annuity certificates; compliance with rules and regulations.
No certificate or other evidence of any annuity contract and no
application or rider or endorsement for use in connection therewith,
shall be delivered or issued for delivery in this state unless it
conforms with reasonable rules and regulations prescribed by the
superintendent. Pursuant to the foregoing the superintendent shall have
power, from time to time to make, alter and supersede reasonable rules
and regulations prescribing the required, optional and prohibited
provisions in such contracts, and such rules and regulations shall
conform, as far as practicable with the provisions of section three
thousand two hundred nineteen of this chapter.
No certificate or other evidence of any annuity contract and no
application or rider or endorsement for use in connection therewith,
shall be delivered or issued for delivery in this state unless it
conforms with reasonable rules and regulations prescribed by the
superintendent. Pursuant to the foregoing the superintendent shall have
power, from time to time to make, alter and supersede reasonable rules
and regulations prescribing the required, optional and prohibited
provisions in such contracts, and such rules and regulations shall
conform, as far as practicable with the provisions of section three
thousand two hundred nineteen of this chapter.