Labels:book | reckoner | sky OCR: Insrance at 497 {11th PE 1987); see aiso Hancock at 10 While the contract contains provisiors permitting the Trustee request further guaranteed henefits Hancock had the option unilaterally change the price 10] such annuities at any time after 1972 Thus linchpin of the DOI's reasoning is simply incorret By accepting Hancock's and the ACLI's mischaracterization of GAC 50 a a contr ract in which "substantial risk has been shifted. at least potentially. to Hancock, the DOI has ignored 1I misunderstood the realities of this form of investment vehi. cle Fact. the reason that an optional guaranteed pur chase provision still appears GAC is that Hancock stated that such provision was necessary to meet the requirements of Massachusett: law [S.C.A 1105-06 1243].1* ord fessor McGill also acknowl ledge ...
(.png)
