31A-22-1410 - Report to policyholder.
31A-22-1410. Report to policyholder.
A monthly report shall be provided to the policyholder any time a long-term care benefitfunded through a life insurance vehicle by the acceleration of the death benefit is in benefitpayment status. The report shall include:
(1) any long-term care benefits paid out during the month;
(2) an explanation of any changes in the policy due to long-term care benefits being paidout such as death benefits or cash values; and
(3) the amount of long-term care benefits existing or remaining.
Enacted by Chapter 243, 1991 General Session