Ark. Code § 23-97-315

Current with legislation from 2024 Fiscal and Special Sessions.
Section 23-97-315 - Acceleration of death benefit
(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.

Ark. Code § 23-97-315

Acts 2005, No. 1697, § 31.