1. (1) The insurer shall provide to a contract owner, at least annually, a report on the status of an annuity contract for:

   1. (a) an annuity in the payout period with changes in nonguaranteed elements; or
   2. (b) a deferred annuity in the accumulation period.

2. (2) The report shall contain at least the following information:

   1. (a) the beginning and end date of the current report period;
   2. (b) any accumulation or cash surrender value at the end of the previous report period and at the end of the current report period;
   3. (c) any amount that has been credited, charged to the contract value, or paid during the current report period; and
   4. (d) the amount of any outstanding loan as of the end of the current report period.

KEY: insurance, annuity disclosure

Date of Last Change: November 7, 2024

Notice of Continuation: August 9, 2024

Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-22-425