# 12 CFR § 330.8: Annuity contract accounts

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-330.8

## Section

- **Citation:** 12 CFR § 330.8
- **Heading:** Annuity contract accounts
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION > SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY > PART 330—DEPOSIT INSURANCE COVERAGE

## Text

(a) Funds held by an insurance company or other corporation in a deposit account for the sole purpose of funding life insurance or annuity contracts and any benefits incidental to such contracts, shall be insured separately in the amount of up to the SMDIA per annuitant, provided that, pursuant to a state statute:
(1) The corporation establishes a separate account for such funds;
(2) The account cannot be charged with the liabilities arising out of any other business of the corporation; and
(3) The account cannot be invaded by other creditors of the corporation in the event that the corporation becomes insolvent and its assets are liquidated.
(b) Such insurance coverage shall be separate from the insurance provided for any other accounts maintained by the corporation or the annuitants at the same insured depository institution.
[63 FR 25756, May 11, 1998, as amended at 71 FR 14631, Mar. 23, 2006]

## Nearby sections

- [12 CFR § 325.1 § 325.1 Authority, purpose, and reservation of authority.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.1.md)
- [12 CFR § 325.4 § 325.4 Periodic stress tests required.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.4.md)
- [12 CFR § 325.5 § 325.5 Methodologies and practices.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.5.md)
- [12 CFR § 325.6 § 325.6 Required reports of stress test results to the FDIC and the Board of Governors of the Federal Reserve System.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.6.md)
- [12 CFR § 325.7 § 325.7 Publication of stress test results.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.7.md)
- [12 CFR § 330.1 § 330.1 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.1.md)
- [12 CFR § 330.3 § 330.3 General principles.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.3.md)
- [12 CFR § 330.5 § 330.5 Recognition of deposit ownership and fiduciary relationships.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.5.md)
- [12 CFR § 330.8 § 330.8 Annuity contract accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.8.md)
- [12 CFR § 330.10 § 330.10 Trust accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.10.md)
- [12 CFR § 330.14 § 330.14 Retirement and other employee benefit plan accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.14.md)
- [12 CFR § 330.15 § 330.15 Accounts held by government depositors.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.15.md)
- [12 CFR § 330.101 § 330.101 Premiums.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.101.md)
- [12 CFR § 331.1 § 331.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-331.1.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-330.8. Check the current official text before relying on it. Not legal advice.