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118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-34-01 Required annuity contract provisions relating to cessation of payment of considerations by contractholder
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In the case of annuity contracts issued after June 30, 1979, unless the company, by written notice filed with the commissioner, opted for an earlier operative date, no annuity contract, except as stated in section 26.1-34-10, may be delivered or issued for delivery in this state …
N.D.C.C. § 26.1-34-01.1 Annuity policies and certificates - Right to return
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A person who purchases an annuity policy or certificate issued or delivered in this state may return the policy within twenty days of delivery to the purchaser. If a policy or certificate is returned, the purchaser is entitled to a refund of the premium, except in the sale of var…
N.D.C.C. § 26.1-34-02 Minimum nonforfeiture amount defined
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The minimum values as specified in sections 26.1-34-03 through 26.1-34-06 and section 26.1-34-08 of any paid-up annuity, cash surrender, or death benefits available under an annuity contract must be based upon minimum nonforfeiture amounts as defined in this section. 1. For an an…
N.D.C.C. § 26.1-34-03 Value of paid-up annuity benefit to be at least equal to minimum nonforfeiture amount
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Any paid-up annuity benefit available under an annuity contract must be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. The present value must be computed using the mortality table, if an…
