District of Columbia § 31-3608 Monthly reports.

District of Columbia Statutes

§ 31-3608 — Monthly reports.

District of Columbia·Title 31 Insurance and Securities.·Ch. 36 Long-Term Care Insurance.

Any time a long-term care benefit which is 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. The monthly report shall include the following:

(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.

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Any time a long-term care benefit which is 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. The monthly report shall include the following:

(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.

District of Columbia § 31-3608 (Monthly reports.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.