Connecticut Administrative Code
Title 38a - Insurance Department
433 - Variable Life Insurance
Modified Guaranteed Annuities
Section 38a-433-19 - Reports to policyholders
Universal Citation: CT Reg of State Agencies 38a-433-19
Current through March 14, 2024
Companies will annually provide their contractholders with a report showing both the account value and the cash surrender value. The report should clearly indicate that the account value is prior to the application of any surrender charges or market value adjustment formula. It should also specify the surrender charge and market value adjustment used to determine the cash surrender value.
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