Kan. Admin. Regs. § 40-15-6 - Same; required reports
(a) Each company
issuing an individual variable contract providing benefits in variable amounts
shall mail to the contractholder at least once a year following the first
contract year, at the last address known to the company, a statement or
statements reporting the investments held in the separate account. In the case
of contracts under which payments have not begun, the statement shall report as
of a date not more than four months previous to the date of mailing.
(b) In both instances, the report shall
contain:
(1) The number of accumulation units
credited to the contracts and the dollar value of a unit; or
(2) the value of the contractholder's
account.
(c) The
company shall submit annually to the commissioner of insurance a statement of
the business of its separate account or accounts in such form as may be
prescribed by the national association of insurance commissioners.
Notes
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