North Dakota § 26.1-34-06 Definition of maturity date

North Dakota Statutes

§ 26.1-34-06 — Definition of maturity date

North Dakota § 26.1-34-06

Title 26.1Insurance

Ch. 26.1-34Annuities

This text of North Dakota § 26.1-34-06 (Definition of maturity date) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-34-06 (2026).

Text

For the purpose of determining the benefits calculated under sections 26.1-34-04 and
26.1-34-05, in the case of annuity contracts under which an election may be made to have
annuity payments commence at optional maturity dates, the maturity date is deemed to be the
latest date for which election is permitted by the contract, but may not be deemed to be later
than the anniversary of the contract next following the annuitant's seventieth birthday or the
tenth anniversary of the contract, whichever is later.

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For the purpose of determining the benefits calculated under sections 26.1-34-04 and
26.1-34-05, in the case of annuity contracts under which an election may be made to have
annuity payments commence at optional maturity dates, the maturity date is deemed to be the
latest date for which election is permitted by the contract, but may not be deemed to be later
than the anniversary of the contract next following the annuitant's seventieth birthday or the
tenth anniversary of the contract, whichever is later.