West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-11E - Annuity Disclosure
Section 114-11E-6 - Report to Contract Owners
Universal Citation: 114 WV Code of State Rules 114-11E-6
Current through Register Vol. XLI, No. 38, September 20, 2024
6.1. 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:
6.1.a. The beginning and end date of the current
report period;
6.1.b. 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;
6.1.c. The total amounts, if any, that have been
credited, charged to the contract value or paid during the current report period;
and
6.1.d. The amount of outstanding
loans, if any, as of the end of the current report period.
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