Section 500.632. Statements.

(1) An insurer shall mail to each of its holders of an annuity contract on a variable basis, at least once in each contract  year  after the first at his last address known to the insurer, a  statement   reporting the investments held in the  separate  annuity  account  (S), in   a   form acceptable to the commissioner.

(2)   An insurer shall mail to each of its holders of an annuity contract on a variable basis under which payments have not yet begun, at least once in each contract year after the first at his last address known  to  the insurer, a statement reporting the number of accumulation units credited to the contract and the dollar value of a unit or  a   statement  reporting   the value of the contract holder's account, as of a date not more than 4 months prior to the date of mailing.

(3)    Annually an insurer issuing contracts on a variable basis shall submit to the commissioner a statement of the   business  of  its  separate accounts in the form prescribed by the commissioner.

History: 1979 AC.