Maine § 24-A §2524 Standard provisions -- reversionary annuities

Maine Statutes

§ 24-A §2524 — Standard provisions -- reversionary annuities

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 29 LIFE INSURANCE AND ANNUITY CONTRACTS

1.Except as stated herein, no contract for a reversionary annuity shall be delivered or issued for delivery in this State unless it contains in substance each of the following provisions:

2.This section shall not apply to group annuities, variable annuities, or to annuities included in life insurance policies, and any of such provisions not applicable to single premium annuities shall not to that extent be incorporated therein.

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1.
Except as stated herein, no contract for a reversionary annuity shall be delivered or issued for delivery in this State unless it contains in substance each of the following provisions:
2.
This section shall not apply to group annuities, variable annuities, or to annuities included in life insurance policies, and any of such provisions not applicable to single premium annuities shall not to that extent be incorporated therein.

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