Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter PP - ANNUITY DISCLOSURES
Division 1 - ANNUITY CONTRACT DISCLOSURES
Section 3.9712 - Report to Contract Owners
Universal Citation: 28 TX Admin Code § 3.9712
Current through Reg. 50, No. 13; March 28, 2025
(a) For annuities in the payout period with changes in non-guaranteed elements and for the accumulation period of a deferred annuity, the insurer shall provide each contract owner with a report, at least annually, on the status of the contract.
(b) The report must contain at least the following information:
(1) the beginning and ending dates of the
current reporting period;
(2) the
accumulation and cash surrender value, if any, at the end of:
(A) the previous reporting period;
and
(B) the current reporting
period;
(3) the total
amounts, if any, that have been credited, charged to the contract or
certificate value, or paid during the current reporting period; and
(4) the amount of any outstanding loans as of
the end of the current reporting period.
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