Montana Statutes

§ 33-20-308 — Annuity Information

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 20 LIFE INSURANCE·Part 3 Annuity Contract Provisions

33-20-308 . Annuity information. The commissioner shall promulgate rules prescribing information that must be delivered to prospective annuitants at the time of sale. The rules must address the following:

(1)the manner of delivery of the information;
(2)when the information must be delivered;
(3)by whom the information is to be delivered; and
(4)the contents of the information, including:
(a)the type of annuity being sold; and
(b)the settlement options available under the annuity contract.

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Legislative History

En. Sec. 1, Ch. 260, L. 1997.

Nearby Sections

15
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