Ins 2.15(3)(b)2.2. Transactions involving variable annuities and other registered products in compliance with Securities and Exchange Commission (SEC) rules and Financial Industry Regulatory Authority (FINRA) rules relating to disclosures and illustrations; Ins 2.15(3)(b)2.a.a. Notwithstanding subdivision 2. above, the delivery of the applicable Buyer’s Guide is required in sales of variable annuities and, when appropriate, in sales of other registered products. Ins 2.15(3)(b)2.b.b. Nothing in this subdivision will limit the Commissioner’s ability to enforce the provisions of this regulation or to require additional disclosures. Ins 2.15(3)(b)3.3. Group annuity and pure endowment contracts purchased under a retirement plan or plans of deferred compensation established or maintained by an employer (including a partnership or sole proprietorship) or by an employee organization, or both; 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(3)(b)9.9. Settlement options under life insurance or annuity contracts. 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)(c)1.1. With respect to sales of fixed or fixed indexed annuities, either: 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)(5) Preliminary contract summary. The Preliminary Contract Summary shall include: 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;