ARTICLE 3b. Standard Nonforfeiture Law for Individual Deferred Annuities
Article 3b added by Stats. 1979, Ch. 1093.
§§ 10168–10168.10 · 15 sections
- § 10168 This article shall not apply to any reinsurance, group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by…
- § 10168.1 In the case of contracts issued on or after the operative date of this article as defined in Section 10168.10, no contract of annuity, except as stated in…
- § 10168.2 (a) This section shall apply to contracts issued before January 1, 2004, and may be applied by a company, on a contract-form-by-contract-form basis, to any…
- § 10168.25 (a) This section shall apply to contracts issued on and after January 1, 2006, and may be applied by a company, on a contract-form-by-contract-form basis, to…
- § 10168.3 Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to…
- § 10168.4 Contracts that provide cash surrender benefits shall comply with all of the following: (a) Cash surrender benefits available prior to maturity shall not be…
- § 10168.45 (a) (1) For an individual annuity contract subject to this article that is surrendered by the contract owner, the insurer shall return to the owner all moneys…
- § 10168.5 For contracts which do not provide cash surrender benefits, the present value of any paid-up annuity benefit available as a nonforfeiture option at any time…
- § 10168.6 For the purpose of determining the benefits calculated under Sections 10168.4 and 10168.5, the following apply: (a) In the case of annuity contracts under…
- § 10168.7 Any contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the…
- § 10168.8 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…
- § 10168.9 For any contract which provides, within the same contract by rider or supplemental contract provision, both annuity benefits and life insurance benefits that…
- § 10168.92 The commissioner may adopt regulations to implement the provisions of this article.
- § 10168.93 (a) Notwithstanding any other provision of law, the form of any annuity contract that is subject to this article shall be filed by the obligor under the…
- § 10168.10 After the effective date of this article, any company may file with the commissioner a written notice of its election to comply with the provisions of this…