33-20-511. Adjusted benefit. 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 consideration shall be calculated with allowance for the lapse of time and the payment of any scheduled consideration beyond the beginning of the contract year in which cessation of payment of consideration under the contract occurs.
History: En. Sec. 18, Ch. 346, L. 1979.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Part 5. Standard Nonforfeiture Law Individual Deferred Annuities
33-20-503. Nonforfeiture provisions
33-20-505. Minimum nonforfeiture amounts
33-20-506. Present value to equal minimum nonforfeiture amount
33-20-507. Cash surrender benefits
33-20-508. Paid-up annuity benefits
33-20-510. Statement of noninclusion of certain death benefits
33-20-512. Calculation of benefits -- special benefits excluded