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054.00.98-6. Report to Contract Owners

AR ADC 054.00.98-6Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 98. Annuity Disclosure
Ark. Admin. Code 054.00.98-6
054.00.98-6. Report to Contract Owners
Currentness
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:
A. The beginning and end 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.

Credits

Adopted July 15, 2009.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.98-6, AR ADC 054.00.98-6
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