Cal. Code Regs. tit. 10 § 2534.30

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 2534.30 - Required Reports

Any insurer issuing individual modified guaranteed annuities shall mail to the contractholder at least once in each contract year at his or her last known address, a report showing both the account value and the cash surrender value. The insurer shall not be required to mail such a report during the first contract year. The report shall clearly indicate the account value prior to the application of any surrender charges or market value adjustment formula. It shall also specify the surrender charge and market value adjustment used to determine the cash surrender value.

Cal. Code Regs. Tit. 10, § 2534.30

1. New section filed 2-6-92; operative 3-9-92 (Register 92, No. 13).

Note: Authority cited: Sections 10506(h) and 10506.3(a), Insurance Code. Reference: Sections 10506(h) and 10506.3(a), Insurance Code.

1. New section filed 2-6-92; operative 3-9-92 (Register 92, No. 13).