LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS
41-1943. standards for policy provisions for annuities. No annuity shall be delivered or issued for delivery in this state that contains:
(1) Surrender charges that persist past ten (10) years from the time of deposit; or
(2) Surrender charges that exceed ten percent (10%) in the first year and decrease one percent (1%) per year in subsequent years.
[41-1943, added 2020, ch. 290, sec. 3, p. 840.]