§ 38.2-5207.2. Long-term care benefits; monthly report
Whenever long-term care benefits being paid are funded through a life insurance policy by acceleration of the death benefit, a monthly report shall be provided to the policyholder. Such report shall include:
1. Any long-term care benefits paid out during the month;
2. An explanation of any changes in the policy, e.g., death benefits or cash values, due to long-term care benefits being paid out; and
3. The amount of long-term care benefits existing or remaining.
(1990, c. 285.)
Sections: Previous 38.2-5200 38.2-5201 38.2-5202 38.2-5202.1 38.2-5203 38.2-5204 38.2-5205 38.2-5206 38.2-5207 38.2-5207.1 38.2-5207.2 38.2-5208 38.2-5209 38.2-5210 NextLast modified: April 3, 2009