Nebraska § 44-407.19 Contracts; maturity date; determination

Nebraska Statutes

§ 44-407.19 — Contracts; maturity date; determination

Nebraska § 44-407.19

Ch. 44Insurance

This text of Nebraska § 44-407.19 (Contracts; maturity date; determination) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 44-407.19 (2026).

Text

For the purpose of determining the benefits calculated under sections  44-407.17  and  44-407.18 , 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 shall be deemed to be the latest date for which election shall be permitted by the contract, but shall 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 44-407.17 and 44-407.18 , 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 shall be deemed to be the latest date for which election shall be permitted by the contract, but shall 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.