Sec. 8. Any annuity contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the commencement of any annuity payments shall include a statement in a prominent place in the contract that such benefits are not provided.
As added by Acts 1977, P.L.286, SEC.1.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 12.5. Nonforfeiture Provisions of Annuity Contracts
27-1-12.5-0.1. Application of Certain Amendments to Chapter
27-1-12.5-1. "Annuity Contract" Defined
27-1-12.5-2. Provisions of Contract
27-1-12.5-3. Minimum Nonforfeiture Amounts
27-1-12.5-5. Cash Surrender Benefits
27-1-12.5-7. Maturity Date Determination
27-1-12.5-8. Statement of Benefits Not Provided
27-1-12.5-9. Allowance for Lapse of Time and Payment of Scheduled Considerations