20-1270. Standard provisions required in group annuity contracts
84 words·~1 min read·
/az/title-20/20-1270A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No group annuity contract shall be delivered or issued for delivery in this state and no certificate shall be used in connection therewith unless it contains in substance the provisions set forth in sections 20-1271 to 20-1275, inclusive, to the extent that such provisions are applicable to the contract or to the certificate, as the case may be, or provisions which in the opinion of the director are more favorable to annuitants, or not less favorable to annuitants and more favorable to the holders.