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