Current through Register Vol. 54, No. 44, November 2, 2024
Section 89.62 - Group annuity policies and forms(a) Variable annuities shall conform with Chapter 85 (relating to variable annuity and variable accumulation annuity contracts).(b) A group annuity master policy should state the type of an annuity funding plan used, such as regular deferred, deposit administration, separate account and the like.(c) A statement concerning the availability of optional modes of settlement shall appear in the certificates as well as in the master policy.