Montana § 33-20-906 Report To Contract Owners

Montana Statutes

§ 33-20-906 — Report To Contract Owners

Montana § 33-20-906

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 20LIFE INSURANCE

Part 9Annuity Disclosure

This text of Montana § 33-20-906 (Report To Contract Owners) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 33-20-906 (2026).

Text

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.

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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.