(1) The Comptroller may, at any time, withdraw his or her registration of an annuity contract which, in his or her opinion, no longer complies with the conditions set out in this Part.
(2) The Comptroller shall, as soon as practicable, give to the parties to the annuity contract, notice of such withdrawal and the date from which it is to take effect.
(Inserted by Act 12 of 1999)