NAC688A.475. Provision of annual report to owner of annuity.

     1. An insurer shall provide an annual report to each owner of an annuity that was purchased from the insurer.

     2. The annual report required pursuant to subsection 1 must include, without limitation:

     (a) The beginning and ending dates of the reporting period;

     (b) A comparison of the cash surrender and accumulated values of the annuity between the end of the prior reporting period and the end of the current reporting period;

     (c) Any amount that was paid out to the owner during the reporting period;

     (d) Any amount that was credited or charged to the value of the annuity during the reporting period; and

     (e) The amount of any loans taken out by the owner of the annuity on the annuity that remain outstanding at the end of the reporting period.

     (Added to NAC by Comm’r of Insurance by R076-05, eff. 2-23-2006)