Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“For annuity contracts with optional maturity dates, the maturity date is treated as the latest date the contract allows for electing when annuity payments begin, but not later than the later of the next anniversary after the annuitant’s 70th birthday or the 10th anniversary of the contract.”
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02
How the instrument operates
- 01
Start with the recorded version
Enacted 1979 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
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For annuity contracts with optional maturity dates, the maturity date is treated as the latest date the contract allows for electing when annuity payments begin, but not later than the later of the next anniversary after the annuitant’s 70th birthday or the…
Section 2548
04
Source and current-law status
Source record view
Source record from legislature.maine.gov · Enacted 1979 · Source version 1 Oct 2025
The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.