Ins 2.15(3)(b)4.4. Immediate annuity contracts (arrangements under which payments begin within 13 months of the issue date);

Ins 2.15(3)(b)5.5. Policies or contracts issued in connection with employee benefit plans as defined by 29 USC 1002 (3) of the federal employee retirement income security act of 1974 (ERISA), except policies or contracts issued in connection with plans providing for the purchase of annuity contracts solely by reason of salary reduction agreements under 26 USC 403 (b) of the internal revenue code;

Ins 2.15(3)(b)6.6. Individual retirement accounts and individual retirement annuities as described in 26 USC 408 of the internal revenue code;

Ins 2.15(3)(b)7.7. A single advance payment of specified premiums equal to the discounted value of such premiums;

Ins 2.15(3)(b)8.8. A policyholder’s deposit account established solely to facilitate payment of regular premiums;

Ins 2.15(4)(a)(a) “Contract Summary”means a written statement to be provided to the buyer at the time of contract delivery describing the elements of the annuity contract or deposit fund in the manner set out in sub. (6).

Ins 2.15(4)(b)(b) “Preliminary Contract Summary” means a written statement to be provided to the buyer prior to sale which describes the elements of the annuity contract or deposit fund in the manner set out in sub. (5).

Ins 2.15(4)(c)(c) “Buyer’s Guide” means one of the following buyer’s guides adopted by the National Association of Insurance Commissioners (NAIC):

Ins 2.15(4)(d)(d) “Yields” means those effective annual interest rates at which the accumulation of 100% of all gross considerations would be equal to the guaranteed and illustrated cash surrender values at the points specified. For contracts without surrender values the yields shall be figured on the basis of the contract values used to determine annuity payments at the points specified.

Ins 2.15(5)(a)(a) A prominently placed title, PRELIMINARY CONTRACT SUMMARY, followed by an identification of the arrangement to which the statement applies;

Ins 2.15(5)(b)(b) The name and address of the insurance intermediary or, if no intermediary is involved, a statement of the procedure to be followed in order to receive responses to inquiries;

Ins 2.15(5)(c)(c) The full name and home office or administrative office address of the insurer;

Ins 2.15(5)(d)(d) A statement as to whether the arrangement provides any guaranteed death benefits during the deferral period;

Ins 2.15(5)(e)(e) A prominent statement that the contract does not provide cash surrender values, if such is the case;

Ins 2.15(5)(f)(f) For arrangements under which guaranteed cash surrender values at any duration are less than the total scheduled considerations paid, a prominent statement that such contract or fund may result in loss if kept for only a few years;

Ins 2.15(5)(g)(g) Any minimum or maximum premium limitations;

Ins 2.15(5)(h)(h) A prominent description of all fees, charges, and loading amounts that are or may be deducted from initial or subsequent considerations paid or that are or may be deducted from the contract or fund values prior to or at contract maturity, including but not limited to, any surrender penalties, discontinuance fees, partial surrender or withdrawal penalties or fees, transaction fees, and account maintenance fees;

Ins 2.15(5)(i)(i) In the event any sales promotion literature or oral representation illustrates values or annuity payments which are based on dividends, excess interest credits, or current annuity rates, then the Preliminary Contract Summary shall contain a statement that such dividends, excess interest credits, and current annuity purchase rates are not guaranteed and that any corresponding values and annuity amounts are illustrations only and are not guaranteed;

Ins 2.15(5)(j)(j) A statement that the insurer shall provide the prospective customer a Contract Summary upon request.