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2006 Michigan Compiled Laws - CHAPTER 41 MODIFIED GUARANTEED ANNUITIES (500.4101...500.4127)

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 41
MODIFIED GUARANTEED ANNUITIES

DocumentDescription
Section 500.4101Definitions.
Section 500.4103Delivery or issuance by insurer of modified guaranteed annuity; conditions.
Section 500.4105Sales and advertising material; illustrations of benefits payable; prospectus.
Section 500.4107Separate account annual statement and other information to be submitted to commissioner.
Section 500.4109Disapproval by commissioner of filed material.
Section 500.4111Filing requirements.
Section 500.4113Modified guaranteed annuity contract; required provisions; market-value adjustment formula.
Section 500.4115Nonapplicability of section; required provisions; minimum values of paid-up annuity, cash surrender, or death benefits available under modified guaranteed annuity contract; nonforfeiture amounts; percentages of net considerations.
Section 500.4117Application for modified guaranteed annuity.
Section 500.4119Reserve liabilities.
Section 500.4121Modified guaranteed annuity separate accounts.
Section 500.4123Annual report.
Section 500.4125Compliance with law or regulation in place of domicile of foreign insurer as compliance with this chapter.
Section 500.4127License to sell variable annuities required to sell modified guaranteed annuity contracts.

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