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Current as of January 01, 2024 | Updated by Findlaw Staff
Each charitable annuity contract or policy form used or issued by the corporation must include at least the following information:
1. The value of the property to be transferred;
2. The amount of the periodic annuity benefits to be paid;
3. The manner in which and the intervals at which payment is to be made;
4. The age of the person during whose life payment is to be made; and
5. The reasonable value as of the date of the agreement of the benefits thereby created.
Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-34.1-04. Contents of annuity contract or policy form - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-34-1-04/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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