Arizona § 20-1242.03 Report to contract owners

Arizona Statutes

§ 20-1242.03 — Report to contract owners

Arizona § 20-1242.03

Title 20Arizona Revised Statutes

Ch. 6PARTICULAR TYPES OF INSURANCE

Art. 1.Annuity Disclosure

This text of Arizona § 20-1242.03 (Report to contract owners) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 20-1242.03 (2026).

Text

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 that contains at least the following information:

1.The beginning and end date 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.

4.The amount of outstanding loans, if any, as of the end of the current report period.

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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 that contains at least the following information:

1. The beginning and end date 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.

4. The amount of outstanding loans, if any, as of the end of the current report period.