Minnesota Administrative Rules

2751.1000 REPORTS TO POLICYHOLDERS.

Companies shall annually provide their contract holders with a report showing both the account value and the cash surrender value. The report must clearly indicate that the account value is prior to the application of any surrender charges or market value adjustment formula. It must also specify the surrender charge and market value adjustment used to determine the cash surrender value.

Statutory Authority:

MS s 45.023; 61A.20

History:

14 SR 2052

Published Electronically:

September 14, 2007