20-1270. Standard provisions required in group
annuity contracts
No group annuity contract shall be delivered or issued for delivery in this state
and no certificate shall be used in connection therewith unless it contains in substance
the provisions set forth in sections 20-1271 to 20-1275, inclusive, to the extent that
such provisions are applicable to the contract or to the certificate, as the case may be,
or provisions which in the opinion of the director are more favorable to annuitants, or
not less favorable to annuitants and more favorable to the holders.
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