§ 27-4.4-10 - Inclusion of lapse of time considerations.
SECTION 27-4.4-10
§ 27-4.4-10 Inclusion of lapse of timeconsiderations. – Any paid-up annuity, cash surrender, or death benefits available at any time,other than on the contract anniversary under any contract with fixed scheduledconsiderations, shall be calculated with allowance for the lapse of time andthe payment of any scheduled considerations beyond the beginning of thecontract year in which cessation of payment of considerations under thecontract occurs.