Rhode Island § 27-32-5 § 27-32-5. Benefits on variable basis.

Rhode Island Statutes

§ 27-32-5 — § 27-32-5. Benefits on variable basis.

Rhode Island·Title 27 Insurance·Ch. 27-32 Pension, Profit Sharing, or Annuity Plans

§ 27-32-5. Benefits on variable basis.
If the agreement provides for the payment of benefits in variable amounts, it shall
            contain a statement of the essential features of the procedure to be followed by the
            company in determining the dollar amount of the variable benefits. Any agreement and
            any certificate issued under it shall state that the dollar amount may decrease or
            increase and shall contain on its first page a statement that the benefits under it
            are on a variable basis.
         

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§ 27-32-5. Benefits on variable basis.

If the agreement provides for the payment of benefits in variable amounts, it shall contain a statement of the essential features of the procedure to be followed by the company in determining the dollar amount of the variable benefits. Any agreement and any certificate issued under it shall state that the dollar amount may decrease or increase and shall contain on its first page a statement that the benefits under it are on a variable basis.

Rhode Island § 27-32-5 (§ 27-32-5. Benefits on variable basis.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.