Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 55.00 - Disclosure Requirements For Life Insurance Policies With Accelerated Benefit Provisions And Annuity Contracts With Waivers Of Surrender Charges For Early Withdrawal Of Annuity Proceeds In The Event Of Total And Permanent Disability
Section 55.02 - Applicability
Universal Citation: 211 MA Code of Regs 211.55
Current through Register 1531, September 27, 2024
211 CMR 55.00 applies to all life insurance with accelerated benefit provisions issued in Massachusetts on and after February 25, 2005 or annuity contracts with waivers of surrender charges for early withdrawals issued in Massachusetts on and after February 25, 2005. The requirements contained in 211 CMR 55.00 are in addition to any other applicable statutory provisions or lawful regulations. They do not in any way excuse any material noncompliance onthe part of any insurance producer or carrier regarding the provisions of any other law.
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