1.1 These rules and regulations are hereby promulgated and adopted pursuant to the authority provided in Arkansas Stat. § 66-2633 with respect to variable annuity contracts and similar funds held under life insurance policies, and pursuant to the authority provided in Arkansas Stat. §§ 66-3523 and 66-3524 with respect to separate accounts established in connection with group pension, profit-sharing, or annuity plans. Present Rule and Regulation 6, effective June 30, 1967, as amended September 12, 1969, is hereby withdrawn and is replaced by this Rule and Regulation.