The trustee shall take necessary action to ensure that all persons who receive a participation agreement and account applications receive a disclosure document setting forth all material aspects of participation in the plan, including:

1. (a) The operating procedures of the trust;
2. (b) The investment strategy of the various investment portfolios of the trust;
3. (c) The identity and qualifications of any private vendor that provides services to the trust; and
4. (d) The assessments and expenses associated with an account with the trust.

Source. #7083, eff 8-26-99, EXPIRED: 8-26-07 New. #9585, eff 11-2-09; ss by #11097, eff 5-17-16; ss by #13302, eff 12-10-21