(1) The Comptroller may register as a registered retirement plan any annuity contract that complies with the conditions of this Part.
(2) The Comptroller shall, as soon as practicable, give to the applicant notice of his or her registration of the annuity contract or his or her refusal to register the annuity contract and where he or she registers the annuity contract the notice shall specify the date from which it is registered.
(Inserted by Act 12 of 1999)