SECTION 365:25-19-6. Report to Contract Owners

Latest version.

  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:
(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.

[Source: Added at 23 Ok Reg 2738, eff 7-14-06]

                    
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