R590-229-6. Report to Contract Owners

(1) The insurer shall provide to a contract owner, at least annually, a report on the status of an annuity contract for: (a) an annuity in the payout period with changes in nonguaranteed elements; or (b) a deferred annuity in the accumulation period. (2) The report shall contain at least the following information: (a) the beginning and end date of the current report period; (b) any accumulation or cash surrender value at the end of the previous report period and at the end of the current report period; (c) any amount that has been credited, charged to the contract value, or paid during the current report period; and (d) the amount of any outstanding loan as of the end of the current report period.