Utah Admin. Code R590-133-5 - Required Reports
(1) An insurer
issuing an individual variable contract shall deliver to the contract holder at
least once in each contract year after the first contract year a report of the
investments held in the separate account.
(2) An insurer issuing an individual variable
contract shall deliver to the contract holder at least once in each contract
year after the first contract year a report of the following information as of
a date no earlier than four months before the statement's delivery date:
(i) for an annuity contract when payments
have not started:
(A) the number of
accumulation units credited to the contract and the dollar value of a unit;
or
(B) the contract holder's
account value; and
(ii)
for a life insurance policy, the death benefit dollar amount.
(3) An insurer shall submit
annually to the commissioner a statement regarding the business of the
insurer's separate account by the date and in a form prescribed by the
NAIC.
Notes
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