Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-17 - Rules and Regulations Covering the Sale, Issuance and Delivery of Both Individual and Group Variable Annuity Contracts and Variable Life Contracts
Section 0780-01-17-.07 - REQUIRED REPORTS

Universal Citation: TN Comp Rules and Regs 0780-01-17-.07

Current through September 24, 2024

(1) Any company issuing individual variable contracts shall mail to the contractholder at least once in each contract year after the first at his last address known to the company, a statement or statements reporting the investments held in the separate account. The company shall submit annually to the Insurance Commissioner 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.

(2) Any company issuing individual variable contracts shall mail to the contractholder at least once in each contract year after the first at his last address known to the company, a statement reporting as of a date not more than four months previous to the date of mailing:

(a) in the case of an annuity contract under which payments have not yet commenced, 1. the number of accumulation units credited to such contract and the dollar value of a unit, or 2. the value of the contractholder's account; and

(b) in the case of a life insurance policy, the dollar amount of the death benefit.

Authority: T.C.A. § 56-3-508.

Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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