If any contract delivered or issued for delivery in this state provides for payment of benefits in variable amounts, it shall contain a statement of the essential features of the procedure to be followed by the insurance company in determining the dollar amounts of such variable benefits. Any such contract under which the benefits vary to reflect investment experience, including a group contract and any certificate in evidence of variable benefits issued thereunder, shall state that such dollar amount will so vary and shall contain on its first page a statement that the benefits thereunder are on a variable basis.
Structure Mississippi Code
§ 83-7-1. Life insurance companies defined
§ 83-7-3. Distinction in same class and rebates prohibited
§ 83-7-5. Proceeds of policy not subject to judicial process or assignment while in hands of company
§ 83-7-9. Assignment of group life insurance policy
§ 83-7-11. Penalty for false statement as to publication
§ 83-7-13. Application of insured to be filed with policy of insurance
§ 83-7-15. Misstatement of age not to invalidate policy
§ 83-7-19. Minors may make insurance contract
§ 83-7-21. Reserve liabilities
§ 83-7-23. Standard valuation law
§ 83-7-25. Standard nonforfeiture law
§ 83-7-31. Crediting of income or charging of losses on separate accounts
§ 83-7-33. Valuation of assets allocated to separate accounts
§ 83-7-35. Ownership of amounts allocated to separate accounts
§ 83-7-37. Powers of domestic companies establishing separate accounts
§ 83-7-39. Reserve liability for variable contracts
§ 83-7-51. Notice of right to return policy; effect of return