The Arkansas Amended and Restated Principal Underwriting Agreement regarding the Issuance of variable annuity contracts and life insurance is a legally binding document that outlines the terms and conditions under which variable annuity contracts and life insurance policies may be issued in the state of Arkansas. This agreement is designed to protect the interests of both the issuing insurance company and the policyholders. Keywords: Arkansas, Amended and Restated Principal Underwriting Agreement, issuance, variable annuity contracts, life insurance, terms and conditions, insurance company, policyholders. Different types of the Arkansas Amended and Restated Principal Underwriting Agreement regarding the Issuance of variable annuity contracts and life insurance may include: 1. Individual Variable Annuity Agreement: This agreement outlines the terms and conditions for the issuance of individual variable annuities to policyholders. It includes provisions related to premium payments, investment options, death benefits, annuitization options, and surrender charges. 2. Group Variable Annuity Agreement: This agreement is specifically designed for the issuance of variable annuities to groups, such as employer-sponsored retirement plans or associations. It addresses unique considerations related to the administration and management of group annuity contracts, including participant eligibility, contribution limits, and investment options. 3. Individual Life Insurance Policy Agreement: This type of agreement governs the issuance of individual life insurance policies, including both term and permanent policies. It includes provisions related to premium payments, death benefits, policy loans, surrender values, and optional riders such as disability income or critical illness benefits. 4. Group Life Insurance Policy Agreement: This agreement is tailored for the issuance of life insurance coverage to groups, such as employee benefit plans or professional associations. It outlines the terms and conditions for group life policies, including eligibility criteria, coverage amounts, premium calculations, and beneficiary designations. In summary, the Arkansas Amended and Restated Principal Underwriting Agreement ensures that the issuance of variable annuity contracts and life insurance policies follows consistent guidelines and protects the rights of policyholders in the state of Arkansas.
Arkansas Amended and Restated Principal Underwriting Agreement regarding Issuance of variable annuity contracts and life insurance
Description
How to fill out Arkansas Amended And Restated Principal Underwriting Agreement Regarding Issuance Of Variable Annuity Contracts And Life Insurance?
You may devote hrs on the Internet trying to find the lawful file format which fits the federal and state specifications you want. US Legal Forms offers 1000s of lawful kinds that are analyzed by pros. You can actually obtain or print out the Arkansas Amended and Restated Principal Underwriting Agreement regarding Issuance of variable annuity contracts and life insurance from our services.
If you have a US Legal Forms bank account, you can log in and click on the Acquire option. Afterward, you can full, revise, print out, or sign the Arkansas Amended and Restated Principal Underwriting Agreement regarding Issuance of variable annuity contracts and life insurance. Each lawful file format you acquire is yours permanently. To acquire another duplicate of the acquired form, visit the My Forms tab and click on the related option.
If you work with the US Legal Forms site initially, stick to the basic directions below:
- Initially, make sure that you have selected the right file format for your area/city of your choice. See the form outline to make sure you have chosen the proper form. If accessible, make use of the Preview option to check throughout the file format as well.
- If you wish to locate another model of your form, make use of the Look for discipline to get the format that meets your requirements and specifications.
- Once you have identified the format you need, just click Acquire now to proceed.
- Select the costs prepare you need, enter your qualifications, and sign up for an account on US Legal Forms.
- Comprehensive the transaction. You can utilize your bank card or PayPal bank account to pay for the lawful form.
- Select the file format of your file and obtain it to your product.
- Make alterations to your file if possible. You may full, revise and sign and print out Arkansas Amended and Restated Principal Underwriting Agreement regarding Issuance of variable annuity contracts and life insurance.
Acquire and print out 1000s of file themes making use of the US Legal Forms Internet site, that provides the largest collection of lawful kinds. Use professional and express-distinct themes to take on your company or personal requires.
Form popularity
FAQ
Variable annuities and their underlying fund investments are sold by prospectus only. The prospectuses contain the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds, which should be considered carefully before investing.
Which statement is TRUE regarding variable annuity contracts? The best answer is D. In a variable annuity contract, the principal amount is never guaranteed. The principal value may increase or decrease, depending on the performance of the separate account.
Deferred variable annuities are hybrid investments containing securities and insurance features. Their sales are regulated both by FINRA and the Securities and Exchange Commission (SEC).
If you buy a variable annuity, you'll receive a prospectus that includes detailed information about investment objectives, risks, charges, and expenses. Illustration: A personalized document that shows how your annuity features might work.
Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to Nationwide Life Insurance Company. P.O. Box 182021 Columbus, OH 43218-2021.
However, these products are subject to market risk, which entails the potential loss of principal. Financial professional need two types of licenses to sell variable annuities: State insurance license. Series 6 or Series 7 license from FINRA (specifically for variable annuities)
FINRA Rule 2330 (Members' Responsibilities Regarding Deferred Variable Annuities) establishes sales practice standards regarding recommended purchases and exchanges of deferred variable annuities, including requiring a reasonable belief that the customer has been informed of the various features of annuities (such as ...
New rule 498A under the Securities Act of 1933 will permit a person to satisfy its prospectus delivery obligations under the Securities Act for a variable annuity or variable life insurance contract by sending or giving a summary prospectus to investors and making the statutory prospectus available online.