§ 27-4.4-10. Inclusion of lapse of time considerations.
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 considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
History of Section.P.L. 1993, ch. 180, § 1.
Structure Rhode Island General Laws
Chapter 27-4.4 - The Standard Nonforfeiture Law for Individual Deferred Annuities
Section 27-4.4-1. - Short title.
Section 27-4.4-2. - Applicability.
Section 27-4.4-3. - Nonforfeiture requirements.
Section 27-4.4-4. - Minimum values.
Section 27-4.4-5. - Computation of present value.
Section 27-4.4-6. - Calculation of cash surrender value.
Section 27-4.4-7. - Calculation of paid-up annuity benefits.
Section 27-4.4-8. - Maturity date.
Section 27-4.4-9. - Disclosure of limited death benefits.
Section 27-4.4-10. - Inclusion of lapse of time considerations.
Section 27-4.4-11. - Proration of values — Additional benefits.