HARRY HUGHES, Governor

3217

(ii) [For individual annuity and pure
endowment contracts issued on or after January 1, 1986,
excluding any disability and accidental death benefits in
such contracts—the 1971 Individual Annuity Mortality Table,
or any modification of this table approved by the
Commissioner, and three and one-half percent (3 1/2%)
interest.] FOR INDIVIDUAL SINGLE PREMIUM IMMEDIATE ANNUITY
CONTRACTS ISSUED ON OR AFTER JULY 1, 1980, EXCLUDING ANY
DISABILITY AND ACCIDENTAL DEATH BENEFITS IN SUCH CONTRACTS,
-- THE 1971 INDIVIDUAL ANNUITY MORTALITY TABLE, OR ANY
MODIFICATION OF THIS TABLE APPROVED BY THE COMMISSIONER, AND
7 1/2 PERCENT INTEREST.

(III) FOR INDIVIDUAL ANNUITY AND PURE
ENDOWMENT CONTRACTS ISSUED ON OR AFTER JULY 1, 1980, OTHER
THAN SINGLE PREMIUM IMMEDIATE ANNUITY CONTRACTS, EXCLUDING
ANY DISABILITY AND ACCIDENTAL DEATH BENEFITS IN SUCH
CONTRACTS, — THE 1971 INDIVIDUAL ANNUITY MORTALITY TABLE,
OR ANY MODIFICATION OF THIS TABLE APPROVED BY THE
COMMISSIONER, AND 5 1/2 PERCENT INTEREST FOR SINGLE PREMIUM
DEFERRED ANNUITY AND PURE ENDOWMENT CONTRACTS AND 4 1/2
PERCENT INTEREST FOR ALL OTHER SUCH INDIVIDUAL ANNUITY AND
PURE ENDOWMENT CONTRACTS.

[(iii)] (IV) For all annuities and pure
endowments purchased prior to [January 1, 1986] JULY 1, 1980
under group annuity and pure endowment contracts, excluding
any disability and accidental death benefits in such
contracts — the 1971 Group Annuity Mortality Table, or any
modification of this table approved by the Commissioner, and
[six] 6 percent [(6%)] interest.

[(iv) For all annuities and pure
endowments purchased on or after January 1, 1986 under group
annuity and pure endowment contracts, excluding any
disability and accidental death benefits in such contracts
— the 1971 Group Annuity Mortality Table, or any
modification of this table approved by the Commissioner, and
three and one-half percent (3 1/2%) interest.]

(V) FOR ALL ANNUITIES AND PURE ENDOWMENTS
PURCHASED ON OR AFTER JULY 1, 1980 UNDER GROUP ANNUITY AND
PURE ENDOWMENT CONTRACTS, EXCLUDING ANY DISABILITY AND
ACCIDENTAL DEATH BENEFITS IN SUCH CONTRACTS, — THE 1971
GROUP ANNUITY MORTALITY TABLE, OR ANY MODIFICATION OF THIS
TABLE APPROVED BY THE COMMISSIONER, AND 7 1/2 PERCENT
INTEREST.

After [the effective date of this amendatory act of
1973] JULY 1, 1973, any insurer may file with the
Commissioner a written notice of its election to comply with
the provisions of this paragraph [(a-2)] after a specified
date before January 1, 1979, which shall be the operative
date of this paragraph for such insurer, provided that an
insurer may elect a different operative date for individual
annuity and pure endowment contracts from that elected for
group annuity and pure endowment contracts. If an insurer