§ 27-32-5 - Benefits on variable basis. - Rhode Island Statutes

SECTION 27-32-5

   § 27-32-5  Benefits on variable basis.– If the agreement provides for the payment of benefits in variable amounts, itshall contain a statement of the essential features of the procedure to befollowed by the company in determining the dollar amount of the variablebenefits. Any agreement and any certificate issued under it shall state thatthe dollar amount may decrease or increase and shall contain on its first pagea statement that the benefits under it are on a variable basis.