3 Alaska Admin. Code § 26.760

Current through September 25, 2024

Section 3 AAC 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.

3 AAC 26.760

Eff. 7/25/2008, Register 187

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.

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