Sec. 14.15.02.04. Statements

At least annually, each contributor shall receive a master account statement that provides separate accounting for each investment option selected by the contributor for a particular qualified designated beneficiary and itemized contributions and withdrawals for each investment option during the period covered by the master account statement. The master account statement shall identify each investment option selected by the contributor for the qualified designated beneficiary. The master account statement may identify each investment option by a separate identifying number. A contributor shall receive a separate master account statement for each qualified designated beneficiary for whom the contributor establishes an investment account.