33-20-906 . Report to contract owners. (1) For annuities in the payout period with changes in nonguaranteed 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. (2) The report must contain at least the following information: (a) the beginning and ending date of the current report period; (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; (c) the total amounts, if any, that have been credited, charged to the contract value, or paid during the current report period; and (d) the amount of outstanding loans, if any, as of the end of the current report period.
‹ Prev All Montana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.