§431:10D-604 - Report to contract owners. - Hawaii Statutes

     [§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. [L 2006, c 71, pt of §1]

 

Revision Note

 

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