Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 85 - VARIABLE ANNUITY AND VARIABLE ACCUMULATION ANNUITY CONTRACTS
FILING OF CONTRACTS, APPLICATION AND CONTRACT REQUIREMENTS
Section 85.32 - Statement indicating variability of payments

Universal Citation: 31 PA Code ยง 85.32

Current through Register Vol. 54, No. 44, November 2, 2024

(a) Each application form for an individual variable annuity contract shall contain a clear statement, prominently set forth immediately preceding the signature line, denoting that the contractual payments or values under the variable annuity provisions of the contract being applied for are variable and are not guaranteed as to fixed dollar amounts.

(b) Each application for an individual variable accumulation annuity contract shall contain a clear statement, prominently set forth immediately preceding the signature line, denoting that the accumulation values under the variable accumulation provisions of the contract being applied for are variable and are not guaranteed as to fixed dollar amounts.

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