Section 89.62. Group annuity policies and forms

Latest version.

(a) Variable annuities shall conform with Chapter 85 (relating to variable annuity and variable accumulation annuity contracts).
(b) A group annuity master policy should state the type of an annuity funding plan used, such as regular deferred, deposit administration, separate account and the like.
(c) A statement concerning the availability of optional modes of settlement shall appear in the certificates as well as in the master policy.

                    
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