Rhode Island Code of Regulations
Title 230 - Department of Business Regulation
Chapter 20 - Insurance
Subchapter 25 - LIFE AND ANNUITIES
Part 6 - Annuity Disclosure
Section 230-RICR-20-25-6.7 - Report to Contract Owners
Universal Citation: 230 RI Code of Rules 20 25 6.7
Current through September 18, 2024
A. For annuities in the payout period that include non-guaranteed elements and for deferred annuities in the accumulation period, the insurer shall provide each contract owner with a report, at least annually, on the status of the contract that contains at least the following information:
1. The beginning and end date of the current
report period;
2. The accumulation
and cash surrender value, if any, at the end of the previous report period and
at the end of the current report period;
3. The total amounts, if any, that have been
credited, charged to the contract value or paid during the current report
period; and
4. The amount of
outstanding loans, if any, as of the end of the current report
period.
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