Montana Statutes
§ 33-20-906 — Report To Contract Owners
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 33-20-906 (Report To Contract Owners) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 12, Ch. 476, L. 2007.
Nearby Sections
15
§ 33-20-1002
Employee Life Insurance Defined§ 33-20-1003
Repealed§ 33-20-101
Scope§ 33-20-102
Industrial Life Insurance Defined§ 33-20-103
Standard Provisions Required -- Exceptions§ 33-20-104
Grace Period§ 33-20-105
Incontestability§ 33-20-106
Entire Contract§ 33-20-107
Misstatement Of Age§ 33-20-108
Dividends§ 33-20-109
Renumbered 33-20-131§ 33-20-110
Table Of Values§ 33-20-1101
Employee Groups§ 33-20-1102
Labor Union Groups