230 R.I. Code R. 230-RICR-20-25-7.10

Current through December 3, 2024

Section 230-RICR-20-25-7.10 - Reports to Policyholders

Companies will annually provide their contract holders with a report showing both the account value and the cash surrender value. The report should clearly indicate that the account value is prior to the application of any surrender charges or market value adjustment formula. It should also specify the surrender charge and market value adjustment used to determine the cash surrender value.

230 R.I. Code R. 230-RICR-20-25-7.10