Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 310 - VARIABLE ANNUITY RULE
Article V - Authority of Insurer to Issue Variable Annuity Contracts
Section 031-310-V-2 - Filing for authority to do business in Maine

a. copies of and a general description of the variable annuity contracts it intends to issue;

b. a general description of the methods of operation of the variable annuity business of the insurer, including methods of distribution of policies and the names of those persons or firms proposed to supply consulting, investment, administrative, custodial or distribution services to the insurer;

c. with respect to any separate account maintained by an insurer for any variable annuity contract, a statement of the investment policy the insurer intends to follow for the investment of the assets held in such separate account, and a statement of procedures for changing such investment policy. The statement of investment policy shall include a description of the investment objectives intended for the separate account;

d. a description of any investment advisory services contemplated as required by Section 10 of Article VIII;

e. a copy of the statutes and regulations of the state of domicile of the insurer under which it is authorized to issue variable annuity contracts;

f. biographical data with respect to officers and directors of the insurer;

g. a statement of the insurer's actuary describing the mortality and expense risks which the insurer will bear under the contract;

h. a copy of any prospectus required pursuant to federal securities law regarding the marketing of variable annuity contracts, if available. If a draft of a registration statement which is pending before the Securities and Exchange Commission is submitted in lieu thereof, authority to effect variable annuity contracts in this state shall be conditioned upon receipt by the Superintendent of a prospectus in final effective form; and

i. an Annual Statement of the business of its separate account or accounts in the general form and content of the form of separate account annual statement as currently in general and customary use in the United States for the type of insurer and kind of insurance to be reported upon.