31 Pa. Code § 82.73 - Separate account statements

Annually, a statement shall be mailed which includes the following:

(1) A summary of the financial statement of the separate account based on the annual statement last filed with the Commissioner.

(2) The net investment return of the separate account for the last year and, for each year after the first, a comparison of the investment rate of the separate account during the last year with the investment rate during prior years, up to a total of not less than 5 years when available.

(3) A list of investments held by the separate account, as of a date not earlier than the end of the last year for which an annual statement was filed with the Commissioner.

(4) Charges levied against the separate account during the year.

(5) A statement of a change, since the last report, in the investment objective and orientation of the separate account, in an investment restriction or material quantitative or qualitative investment requirement applicable to the separate account, or in the investment advisor of the separate account.

(6) The name of each broker or dealer handling portfolio transactions on behalf of the separate account in which the insurer or an affiliate has a material direct or indirect interest and the nature of the transactions and the amount of compensation received by each broker or dealer from business originating with the separate account during the preceding fiscal year.

(7) The names and principal occupations of each principal executive officer and each director of the insurer.

(8) The names of parent companies of the insurer and the basis of control of the insurer and the name of persons who are known to own, of record or beneficially, 10% or more of the outstanding voting securities of the company.

Notes

31 Pa. Code § 82.73

The provisions of this § 82.73 adopted August 4, 1978, effective 9/5/1978, 8 Pa.B. 2171; amended April 28, 1989, effective 4/29/1989, 19 Pa.B. 1835; corrected May 25, 1989, effective 4/29/1989, 19 Pa.B. 2251; corrected June 30, 1989, effective retroactive to April 29, 1989, 19 Pa.B. 2754.

This section cited in 31 Pa. Code § 82.17 (relating to reports to the Commissioner); and 31 Pa. Code § 82.71 (relating to mailing).