230 R.I. Code R. 230-RICR-20-25-6.7

Current through December 3, 2024
Section 230-RICR-20-25-6.7 - Report to Contract Owners
A. For annuities in the payout period that include non-guaranteed 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 end 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.

230 R.I. Code R. 230-RICR-20-25-6.7

Amended effective 12/27/2018