Minnesota § 62S.11 MONTHLY REPORT

Minnesota Statutes

§ 62S.11 — MONTHLY REPORT

Minnesota § 62S.11

PartINSURANCE

Ch. 62SQUALIFIED LONG-TERM CARE INSURANCE POLICIES

This text of Minnesota § 62S.11 (MONTHLY REPORT) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 62S.11 (2026).

Text

Subdivision 1.Required report. 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 must be provided to the policyholder. Subd. 2.Contents. The report must include the following information:

(1)long-term care benefits paid out during the month;

(2)an explanation of changes in the policy, such as 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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Subdivision 1.Required report.
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 must be provided to the policyholder.

Subd. 2.Contents.
The report must include the following information:
(1) long-term care benefits paid out during the month;
(2) an explanation of changes in the policy, such as 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.