§ 33-20-906

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