A company shall mail to the holder of its variable annuity contracts at least once in each year after the first, at his last-known address, a statement reporting:

Terms Used In Nebraska Statutes 44-2215

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Company shall: include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
  • Contract: A legal written agreement that becomes binding when signed.
  • Year: shall mean calendar year. See Nebraska Statutes 49-801

(1) The number of units credited to such contract and the dollar value of a unit as of a date not more than two months previous to the date of mailing; and

(2) The investments held in the variable annuity account.

Such statement shall be mailed not more than two months prior to the annual meeting electing the governing board of the separate account when an election of a governing board of a separate account is required.

Source

  • Laws 1969, c. 358, § 15, p. 1265.
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