Utah Statutes

§ 31A-22-1410 — Report to policyholder.

Utah·Title 31A Insurance Code·Ch. 31A-22 Contracts in Specific Lines·Part 31A-22-14 Long-Term Care Insurance Standards

A monthly report shall be provided to the policyholder 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. 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 paid out such as death benefits or cash values; and
(3)the amount of long-term care benefits existing or remaining.

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Legislative History

Enacted by Chapter 243, 1991 General Session

Nearby Sections

15
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