Kansas Administrative Regulations
Agency 40. Insurance Department
Article 15. Variable Annuities or Separate Accounts
40-15-6 Same; required reports.
(a) Each company
issuing an individual variable contract providing benefits in variable amounts
shall mail to the contractholder at least once a year following the first
contract year, at the last address known to the company, a statement or
statements reporting the investments held in the separate account. In the case
of contracts under which payments have not begun, the statement shall report as
of a date not more than four months previous to the date of mailing.
(b) In both instances, the report shall contain:
(1) The number of accumulation units credited to the contracts and the dollar value of a unit; or
(2) the value of the contractholder's account.
(c) The company shall submit annually to the commissioner of insurance a statement of the business of its separate account or accounts in such form as may be prescribed by the national association of insurance commissioners.
(Authorized by K.S.A. 40-103, 40-436; implementing K.S.A. 40-436; effective Jan. 1, 1969; amended May 1, 1986; amended May 1, 1987.)