Section 26-A2724. SEPARATE ACCOUNT INVESTMENT POLICY

Latest version.

2724.1The investment policy of a separate account operated by a domestic insurer shall not be changed without first filing such change with the Insurance Commissioner.

2724.2Any change filed pursuant to this section shall be effective sixty days after the date it was filed with the Commissioner, unless the Commissioner notifies the insurer before the end of such sixty-day period of his disapproval of the proposed change. At any time the Commissioner may, after notice and public hearing, disapprove any change that has become effective pursuant to this section.

2724.3The Commissioner may disapprove the change if he determines that the change would be detrimental to the interests of the policyholders participating in such separate accounts.

source

Final Rulemaking published at 42 DCR 1047 (February 24, 1995).

                    
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