• Every individual variable annuity contract, variable life insurance contract, or modified guaranteed contract subject to this section, that is delivered or issued for delivery in this state, shall have the notice mentioned on page 33 either printed on the cover page or policy jacket in 12-point bold print with one inch of space on all sides or printed on a sticker affixed to the cover page or policy jacket.

When annuities are issued to or replaced by seniors in California, the company and agent have special obligations under the California Insurance Code (CIC).

(Note: "Seniors" are people who are at least age 60 at the time of purchase. For more information on the California Insurance Code and annuities, see Chapter 1 and Chapter 9.)

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