Ill. Admin. Code tit. 50, § 1410.80 - Reports to Policyholders

Current through Register Vol. 46, No. 15, April 8, 2022

Insurers will annually provide their contractholders with a report showing both the account value and the cash surrender value. The report must indicate the amount of any expense charges used to determine the account value and that the account value is determined prior to any adjustment(s) for surrender charges or the MVA formula. It should also specify the surrender charge and MVA and any other charges used to determine the cash surrender value.

Notes

Ill. Admin. Code tit. 50, § 1410.80

The following state regulations pages link to this page.



State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.