§ 27-4.4-8. Maturity date.
For the purpose of determining the benefits calculated under §§ 27-4.4-6 and 27-4.4-7, in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date shall be deemed to be the latest date for which election shall be permitted by the contract, but shall not be deemed to be later than the anniversary of the contract next following the annuitant’s seventieth (70th) birthday or the tenth (10th) anniversary of the contract, whichever is later.
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.