W. Va. Code R. § 114-11E-6

Current through Register Vol. XLI, No. 49, December 6, 2024

Section 114-11E-6 - Report to Contract Owners

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.

W. Va. Code R. § 114-11E-6