Arizona Revised Statutes § 20-2637 Reports

20-2637. Reports

A. At least once in each contract year after the first contract year, a company that issues individual variable annuities shall mail to the contract holder at the contract holder's last known address a statement reporting the investments that are held in the separate account as of a date not more than four months before the date of mailing. The company shall submit annually to the director on a form prescribed by the national association of insurance commissioners a statement of the business of its separate account or accounts.

B. If payments under an annuity contract have not yet commenced the statement shall contain either:

1. The number of accumulation units that are credited to the contract and the dollar value of a unit.

2. The value of the contract holder's account.

Section: Previous  20-2610  20-2631  20-2632  20-2633  20-2634  20-2635  20-2636  20-2637  20-2638  20-2661  20-2662  20-2801  20-2802  20-2803  20-2804  Next

Last modified: October 13, 2016