For an annuity in a payout period with changes in non-guaranteed elements and for the entire accumulation period of a deferred annuity the insurer shall provide each contract owner a report at least annually that contains the status of the contract including at a minimum the following:

1. (1) the beginning and ending dates of the current report period;

2. (2) the accumulation and cash surrender value, if any, at the end of

   1. (A) the previous report period; and
   2. (B) the current report period;

3. (3) during the current report period, the total amounts, if any,

   1. (A) credited to the contract value;
   2. (B) charged to the contract value; or
   3. (C) paid;
4. (4) the amount of outstanding loans, if any, as of the end of the current report period.

(Eff. 7/25/2008, Register 187)

Authority: AS 21.06.090, AS 21.36.030, AS 21.36.050, AS 21.36.020, AS 21.36.040, AS 21.36.900