Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 85 - VARIABLE ANNUITY AND VARIABLE ACCUMULATION ANNUITY CONTRACTS
QUALIFICATION TO ISSUE VARIABLE ANNUITY CONTRACTS
Section 85.12 - Years in business and capital surplus
Universal Citation: 31 PA Code ยง 85.12
Current through Register Vol. 54, No. 44, November 2, 2024
The Department may prohibit the delivery or issuance of variable annuity contracts or variable accumulation annuity contracts within this Commonwealth by any company which has not been transacting the business of life insurance in this Commonwealth for a period of at least 5 years, or has capital and surplus, if a stock company, or an amount of surplus, if a mutual company, of less than $1.5 million.
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