NY Insurance Law § 4223 governs nonforfeiture for which class of contract?

Why this is the answer

NY codifies nonforfeiture in two parallel statutes: § 4221 covers life insurance, and § 4223 covers individual deferred annuities. § 4223 builds an 'actual accumulation amount' from the net considerations paid, credited with at least a minimum interest rate, and sets minimum cash surrender, paid-up and death benefits from it. Group disability and property insurance are not nonforfeiture lines — they are protection-only products without accumulated values. Confusing § 4221 (life) and § 4223 (annuity) is a frequent exam trap.