Section 3.26.760. Report to contract owners.

For an annuity in a payout period with changes in non-guaranteed elements and for the entire accumulation period of a deferred annuity the insurer shall provide each contract owner a report at least annually that contains the status of the contract including at a minimum the following:  
		(1) the beginning and ending dates of the current report period;   
		(2) the accumulation and cash surrender value, if any, at the end of   
			(A) the previous report period; and   
			(B) the current report period;   
		(3) during the current report period, the total amounts, if any,   
			(A) credited to the contract value;   
			(B) charged to the contract value; or   
			(C) paid;  
		(4) the amount of outstanding loans, if any, as of the end of the current report period.   

Authorities

21.06.090;21.36.020;21.36.030;21.36.040;21.36.050;21.36.900;01.05.031;21.36.150;44.62.125

Notes

Authority

AS 21.06.090 AS 21.36.020 AS 21.36.030 AS 21.36.040 AS 21.36.050 AS 21.36.900 Editor's note: In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.36.150 as AS 21.36.900. As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 3 AAC 26.760, so that the citation to former AS 21.36.150 now refers to the renumbered statute, AS 21.36.900.

History

Eff. 7/25/2008, Register 187

References

3.26.760