Arkansas § 23-97-315 Acceleration of death benefit

Arkansas Statutes

§ 23-97-315 — Acceleration of death benefit

Arkansas § 23-97-315

Title23

This text of Arkansas § 23-97-315 (Acceleration of death benefit) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-97-315 (2026).

Text

(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.

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(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.