New York § 4513 Annuity certificates; compliance with rules and regulations

New York Statutes

§ 4513 — Annuity certificates; compliance with rules and regulations

New York § 4513

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Art. 45Fraternal Benefit Societies

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Bluebook

N.Y. Insurance § 4513 (2026).

Text

  § 4513. Annuity certificates; compliance with rules and regulations.\nNo certificate or other evidence of any annuity contract and no\napplication or rider or endorsement for use in connection therewith,\nshall be delivered or issued for delivery in this state unless it\nconforms with reasonable rules and regulations prescribed by the\nsuperintendent. Pursuant to the foregoing the superintendent shall have\npower, from time to time to make, alter and supersede reasonable rules\nand regulations prescribing the required, optional and prohibited\nprovisions in such contracts, and such rules and regulations shall\nconform, as far as practicable with the provisions of section three\nthousand two hundred nineteen of this chapter.\n

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§ 4513. Annuity certificates; compliance with rules and regulations.\nNo certificate or other evidence of any annuity contract and no\napplication or rider or endorsement for use in connection therewith,\nshall be delivered or issued for delivery in this state unless it\nconforms with reasonable rules and regulations prescribed by the\nsuperintendent. Pursuant to the foregoing the superintendent shall have\npower, from time to time to make, alter and supersede reasonable rules\nand regulations prescribing the required, optional and prohibited\nprovisions in such contracts, and such rules and regulations shall\nconform, as far as practicable with the provisions of section three\nthousand two hundred nineteen of this chapter.\n