Mont. Code § 33-20-906

Current through the 2023 Regular Session
Section 33-20-906 - Report to contract owners
(1) For annuities in the payout period with changes in nonguaranteed 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.
(2) The report must contain at least the following information:
(a) the beginning and ending 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.

§ 33-20-906, MCA

En. Sec. 12, Ch. 476, L. 2007.