Pennsylvania Code
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COMMONWEALTH OF PENNSYLVANIA

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 54 Pa.B. 5598 (August 31, 2024).

31 Pa. Code § 89.62. Group annuity policies and forms.

§ 89.62. Group annuity policies and forms.

 (a)  Variable annuities shall conform with Chapter 85 (relating to variable annuity and variable accumulation annuity contracts).

 (b)  A group annuity master policy should state the type of an annuity funding plan used, such as regular deferred, deposit administration, separate account and the like.

 (c)  A statement concerning the availability of optional modes of settlement shall appear in the certificates as well as in the master policy.


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