(1) A designated beneficiary or agent may withdraw all or part of the balance from
an account under rules prescribed by the department. The rules must be used to help the department or program administrator to determine
whether a withdrawal is a nonqualified withdrawal or a qualified withdrawal to the
extent that the department concludes that it is necessary for the department or program
administrator to make that determination.
(4) If a distribution is made from an account to any person or for the benefit of
any person during a calendar year, the distribution must be reported to the internal
revenue service and to the designated beneficiary or agent to the extent required
by federal law.
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