Kansas Administrative Regulations
Agency 40 - INSURANCE DEPARTMENT
Article 15 - VARIABLE ANNUITIES OR SEPARATE ACCOUNTS
Section 40-15-6 - Same; required reports

Universal Citation: KS Admin Regs 40-15-6

Current through Register Vol. 43, No. 39, September 26, 2024

(a) Each company issuing an individual variable contract providing benefits in variable amounts shall mail to the contractholder at least once a year following the first contract year, at the last address known to the company, a statement or statements reporting the investments held in the separate account. In the case of contracts under which payments have not begun, the statement shall report as of a date not more than four months previous to the date of mailing.

(b) In both instances, the report shall contain:

(1) The number of accumulation units credited to the contracts and the dollar value of a unit; or

(2) the value of the contractholder's account.

(c) The company shall submit annually to the commissioner of insurance a statement of the business of its separate account or accounts in such form as may be prescribed by the national association of insurance commissioners.

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