Iowa Admin. Code r. 191-15.67

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 191-15.67 - Report to contract owners

For annuities in the payout period that include nonguaranteed elements and for deferred annuities in the accumulation period, the insurer shall provide each contract owner with a report, at least annually, on the status of the contract that contains at least the following information:

(1) The beginning and ending date of the current report period;

(2) The accumulation and cash surrender value, if any, at the end of the previous report period and at the end of the current report period;

(3) The total amounts, if any, that have been credited, charged to the contract value or paid during the current report period; and

(4) The amount of outstanding loans, if any, as of the end of the current report period.

Iowa Admin. Code r. 191-15.67

ARC 0035C, lAB 3/7/12, effective 4/11/12

Adopted by IAB March 20, 2024/Volume XLVI, Number 19, effective 4/24/2024