Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2751 - MODIFIED GUARANTEED ANNUITIES
Part 2751.1000 - REPORTS TO POLICYHOLDERS
Universal Citation: MN Rules 2751.1000
Current through Register Vol. 49, No. 13, September 23, 2024
Companies shall annually provide their contract holders with a report showing both the account value and the cash surrender value. The report must clearly indicate that the account value is prior to the application of any surrender charges or market value adjustment formula. It must also specify the surrender charge and market value adjustment used to determine the cash surrender value.
Statutory Authority: MS s 45.023; 61A.20
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