N.M. Admin. Code § 13.9.12.10

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.9.12.10 - REPORT TO CONTRACT OWNERS

For annuities in the payout period with changes in non-guaranteed elements and for the accumulation period of a deferred annuity, 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:

A. the beginning and end date of the current report period;

B. 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;

C. the total amounts, if any, that have been credited, charged to the contract value or paid during the current report period; and

D. the amount of outstanding loans, if any, as of the end of the current report period.

N.M. Admin. Code § 13.9.12.10

7-1-00; Recompiled 11/30/01