Montana § 33-20-506 Present Value To Equal Minimum Nonforfeiture Amount

Montana Statutes

§ 33-20-506 — Present Value To Equal Minimum Nonforfeiture Amount

Montana § 33-20-506

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 20LIFE INSURANCE

Part 5Standard Nonforfeiture Law Individual Deferred Annuities

This text of Montana § 33-20-506 (Present Value To Equal Minimum Nonforfeiture Amount) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 33-20-506 (2026).

Text

33-20-506 . Present value to equal minimum nonforfeiture amount. Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.

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33-20-506 . Present value to equal minimum nonforfeiture amount. Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.