Statement regarding status of prepaid tuition contract

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  1. The board shall furnish without charge to each purchaser an annual statement of:
    1. The amount paid by the purchaser under the prepaid tuition contract;
    2. The number of years originally covered by the contract;
    3. The number of years remaining under the contract; and
    4. 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.


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