§ 85.32. Statement indicating variability of payments.
(a) Each application form for an individual variable annuity contract shall contain a clear statement, prominently set forth immediately preceding the signature line, denoting that the contractual payments or values under the variable annuity provisions of the contract being applied for are variable and are not guaranteed as to fixed dollar amounts.
(b) Each application for an individual variable accumulation annuity contract shall contain a clear statement, prominently set forth immediately preceding the signature line, denoting that the accumulation values under the variable accumulation provisions of the contract being applied for are variable and are not guaranteed as to fixed dollar amounts.
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