(a) Any time a long-term care benefit funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, a monthly report shall be provided to the policyholder.
(b) The report shall include:
(1) Any long-term care benefits paid out during the month;
(2) An explanation of any changes in the policy, including, but not limited to, death benefits or cash values, due to the payment of long-term care benefits; and
(3) The remaining amount of long-term care benefits.
Section: Previous 23-97-308 23-97-309 23-97-310 23-97-311 23-97-312 23-97-313 23-97-314 23-97-315 23-97-316 23-97-317 23-97-318 23-97-319 23-97-320 23-97-321 NextLast modified: November 15, 2016