Section 58-15-90 - Contracts without cash surrender benefits or death benefits at least equal to minimum nonforfeiture amount--Statement in contract

58-15-90. Contracts without cash surrender benefits or death benefits at least equal to minimum nonforfeiture amount--Statement in contract.A contract that does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the commencement of any annuity payments shall include a statement in a prominent place in the contract that such benefits are not provided. Source: SL 2004, ch 299, §9.