HRS §431:10D-604
Annual report to annuity contract owners
Insurance companies must send annuity owners a report at least once a year. The report shows the contract's status, including values, changes, and loans. This applies to certain annuities during payout or savings periods.
The statute, as written — Report to contract owners
For annuities in the payout period with changes in non-guaranteed elements, and for the accumulation period of a deferred annuity, the insurer shall at least annually provide each contract owner with a report of the status of the contract that contains at least the following information: (1) The beginning and ending dates 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.
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