Annual Report. The policy shall provide that the policyowner will be sent, without charge, at least annually, a report which will serve to keep the policyowner advised of the status of the policy. The end of the current report period shall be not more than 3 months before the date of the mailing of the report. The annual report required by §A of this regulation shall include the following: The beginning and end of the current report period; The policy value at the end of the previous report period and at the end of the current report period; The total amounts which have been credited or debited to the policy value during the current report period, identifying each by type, such as interest, mortality, expense, and riders; The current death benefit at the end of the current report period on each life covered by the policy; The net cash surrender value of the policy as of the end of the current report period; The amount of outstanding loans, if any, as of the end of the current report period; Notice that the policyholder may request an illustration of current and future benefits and values; For fixed premium policies: How long the policy will continue in effect, assuming guaranteed interest, mortality and expense loads and continued scheduled premium payments; and If, assuming guaranteed interest, mortality, and expense loads and continued scheduled premium payments, the policy's net cash surrender value is such that it would not maintain insurance in force until the end of the next reporting period, a notice to this effect; and For flexible premium policies: How long the policy will continue in effect, assuming guaranteed interest, mortality and expense loads, and no further premium payments; and If, assuming guaranteed interest, mortality and expense loads, the policy's net cash surrender value will not maintain insurance in force until the end of the next reporting period unless further premium payments are made, a notice to this effect.