11 N.C. Admin. Code 12.0421

Current through Register Vol. 39, No. 12, December 1, 2024

Section 12 .0421 - PREPARATION OF VARIABLE ANNUITY CONTRACT FILINGS

A company submitting variable annuity contracts to the department for approval must prepare such filings in the following manner:

(1) Separate filings should be made for individual and group contracts, with all supplementary material grouped accordingly.

(2) The filing letter should include a listing of all form numbers and a description of the contracts being filed.

(3) The filing letter should state whether or not the annuity mortality table developed from the company's experience is used, and if so, a copy of such table should accompany the filing.

(4) The filing letter should clearly indicate the states in which the subject contract has been filed and approved.

11 N.C. Admin. Code 12 .0421

Authority G.S. 58-2-40; 58-7-95;
Eff. February 1, 1976;
Readopted Eff. September 26, 1978;
Amended Eff. April 1, 1989;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. May 1, 2018.

Authority G.S. 58-2-40; 58-7-95;
Eff. February 1, 1976;
Readopted Eff. September 26, 1978;
Amended Eff. April 1, 1989.