Vermont § 8092 Acceleration of life insurance death benefit; monthly report

Vermont Statutes

§ 8092 — Acceleration of life insurance death benefit; monthly report

Vermont § 8092

Title 8Title 8: Banking and Insurance

Ch. 154Chapter 154: Long-Term Care Insurance

This text of Vermont § 8092 (Acceleration of life insurance death benefit; monthly report) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 8, § 8092 (2026).

Text

Anytime 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. The report shall include:

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

(2)an explanation of any 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. (Added 2003, No. 124 (Adj. Sess.), § 2, eff. Jan. 1, 2005.)

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Anytime 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. The report shall include:
(1) any long-term care benefits paid out during the month;
(2) an explanation of any 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. (Added 2003, No. 124 (Adj. Sess.), § 2, eff. Jan. 1, 2005.)