Any 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 those benefits are not provided.
R.I. Gen. Laws § 27-4.4-9
Disclosure of limited death benefits
Known as the Standard Nonforfeiture Law for Individual Deferred Annuities Act
The act spans §§ 27–27 (12 sections).
P.L. 1993, ch. 180, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.