26.1-34-07. Disclosure if annuity contract does not provide cash surrender or death benefits

26.1-34-07. Disclosure if annuity contract does not provide cash surrender or death benefits. Any annuity contract that does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amounts prior to the commencement of any annuity payments must include a statement in a prominent place in the contract that such benefits are not provided.