Haw. Rev. Stat. § 431:10D-604

Current through the 2024 Legislative Session

Section 431:10D-604 - Report to contract owners

For annuities in the payout period with changes in non-guaranteed elements, and for the accumulation period of a deferred annuity, the insurer shall at least annually provide each contract owner with a report of the status of the contract that contains at least the following information:

(1) The beginning and ending dates 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.

HRS § 431:10D-604

L 2006, c 71 , pt of §1 .

Revision Note

Subsection designation deleted pursuant to § 23G-15(1).