HARRY HUGHES, Governor

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(3)  VARIABLE ANNUITY;

(4)  INVESTMENT ANNUITY;

(5)  IMMEDIATE ANNUITY;

(6)  ANY DEFERRED ANNUITY CONTRACT AFTER ANNUITY
PAYMENTS HAVE COMMENCED;

(7)  REVERSIONARY ANNUITY; OR

(8)  ANY CONTRACT WHICH IS DELIVERED OUTSIDE THIS
STATE THROUGH AN AGENT OR OTHER REPRESENTATIVE OF THE
COMPANY ISSUING THE CONTRACT.

(C) IN THE CASE OF CONTRACTS ISSUED ON OR AFTER THE
OPERATIVE DATE OF THIS SECTION AS DEFINED IN SUBSECTION (J),
AN ANNUITY CONTRACT, EXCEPT AS STATED IN SUBSECTION (B), MAY
NOT BE DELIVERED OR ISSUED FOR DELIVERY IN THIS STATE UNLESS
IT CONTAINS THE FOLLOWING PROVISIONS, OR CORRESPONDING
PROVISIONS WHICH THE COMMISSIONER BELIEVES ARE AT LEAST AS
FAVORABLE TO THE CONTRACTHOLDER, UPON CESSATION OF PAYMENT
OF CONSIDERATIONS UNDER THE CONTRACT:

(1)  THAT UPON CESSATION OF PAYMENT OF
CONSIDERATIONS UNDER A CONTRACT, THE COMPANY WILL GRANT A
PAID-UP ANNUITY BENEFIT ON A PLAN STIPULATED IN THE CONTRACT
OF SUCH VALUE AS IS SPECIFIED IN SUBSECTION (E), (F), (G),
(H), AND (I).

(2)  IF A CONTRACT PROVIDES FOR A LUMP SUM
SETTLEMENT AT MATURITY, OR AT ANY OTHER TIME, THAT UPON
SURRENDER OF THE CONTRACT AT OR PRIOR TO THE COMMENCEMENT OF
ANY ANNUITY PAYMENTS, THE COMPANY WILL PAY IN LIEU OF ANY
PAID-UP ANNUITY BENEFIT A CASH SURRENDER BENEFIT OF SUCH
AMOUNT AS IS SPECIFIED IN SUBSECTIONS (E), (F), (H), AND
(I). THE COMPANY SHALL RESERVE THE RIGHT TO DEFER THE
PAYMENT OF THE CASH SURRENDER BENEFIT FOR A PERIOD OF 6
MONTHS AFTER DEMAND THEREFOR WITH SURRENDER OF THE CONTRACT.

(3)  A STATEMENT OF THE MORTALITY TABLE, IF ANY,
AND INTEREST RATES USED IN CALCULATING ANY MINIMUM PAID-UP
ANNUITY, CASH SURRENDER, OR DEATH BENEFITS THAT ARE
GUARANTEED UNDER THE CONTRACT, TOGETHER WITH SUFFICIENT
INFORMATION TO DETERMINE THE AMOUNTS OF THE BENEFITS.

(4)  A STATEMENT THAT ANY PAID-UP ANNUITY, CASH
SURRENDER, OR DEATH BENEFITS THAT MAY BE AVAILABLE UNDER THE
CONTRACT ARE NOT LESS THAN THE MINIMUM BENEFITS REQUIRED BY
ANY LAW OF THE STATE IN WHICH THE CONTRACT IS DELIVERED AND
AN EXPLANATION OF THE MANNER IN WHICH THE BENEFITS ARE
ALTERED BY THE EXISTENCE OF ANY ADDITIONAL AMOUNTS CREDITED
BY THE COMPANY TO THE CONTRACT, ANY INDEBTEDNESS TO THE
COMPANY ON THE CONTRACT, OR ANY PRIOR WITHDRAWALS FROM OR
PARTIAL SURRENDERS OF THE CONTRACT.