R590-229-8. Report to Contract Owners

  For an annuity in the payout period with changes in non-guaranteed elements and for the accumulation period of a deferred annuity, the insurer shall provide the contract owner with a report, at least annually, on the status of the contract that contains at least the following information:

  (1) the beginning and end date of the current report period;

  (2) 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;

  (3) the total amounts, if any, that have been credited, charged to the contract value, or paid during the current report period; and

  (4) the amount of outstanding loans, if any, as of the end of the current report period.