North Dakota § 26.1-34-03 Value of paid-up annuity benefit to be at least equal to minimum nonforfeiture amount

North Dakota Statutes

§ 26.1-34-03 — Value of paid-up annuity benefit to be at least equal to minimum nonforfeiture amount

North Dakota·Title 26.1 Insurance·Ch. 26.1-34 Annuities

nonforfeiture amount.
Any paid-up annuity benefit available under an annuity contract must 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. The present value must 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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nonforfeiture amount.
Any paid-up annuity benefit available under an annuity contract must 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. The present value must 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.

North Dakota § 26.1-34-03 (Value of paid-up annuity benefit to be at least equal to minimum nonforfeiture amount) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.