37-155-21 - Statement regarding status of prepaid tuition contract.
§ 37-155-21. Statement regarding status of prepaid tuition contract.
(1) The board shall furnish without charge to each purchaser an annual statement of:
(a) The amount paid by the purchaser under the prepaid tuition contract;
(b) The number of years originally covered by the contract;
(c) The number of years remaining under the contract; and
(d) Any other information the board determines by rule is necessary or appropriate.
(2) The board shall furnish a statement complying with subsection (1) to a purchaser or beneficiary on written request. The board may charge a reasonable fee for each statement furnished under this subsection.
Sources: Laws, 1996, ch. 427, § 11; Laws, 1999, ch. 378, § 5, eff from and after July 1, 1999.