6.6.806    ANNUAL NOTICE 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 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.

History: Sec. 33-1-313 and 33-20-308, MCA; IMP, Sec. 33-20-308, MCA; NEW, 1998 MAR p. 2012, Eff. 12/31/98; AMD, 1999 MAR p. 508, Eff. 7/1/99.