Form 1099 from insurance carrier upon surrender?

[Guest SteveConley]

Does anyone know whether an insurance carrier is required to provide a [former] policy holder with a Form 1099 upon a policy surrender? (Specifically the surrender of a BOLI or Split Dollar policy). I'm trying to get that issue sorted out and have heard from some carriers that they do not provide 1099s when a policy is surrendered. This seems to conflict with the Instructions for Payers to Form 1099-R, which indicates that the form should be provdied by the Payer to the Recipient by Feb. 1. If they're not required to provide this form upon the surrender of a policy, what is the reason it is not required? Thanks in advance