Okla. Admin. Code § 365:25-19-6

Current through Vol. 42, No. 8, January 2, 2025

Section 365:25-19-6 - Report to Contract Owners

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:

(1) The beginning and end date of the current report period;

(2) 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;

(3) The total amounts, if any, that have been credited, charged to the contract value or paid during the current report period; and

(4) The amount of outstanding loans, if any, as of the end of the current report period.

Okla. Admin. Code § 365:25-19-6

Added at 23 Ok Reg 2738, eff 7-14-06