Va. Code § 38.2-5207.2

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-5207.2 - Long-term care benefits; monthly report

Whenever long-term care benefits being paid are funded through a life insurance policy by acceleration of the death benefit, a monthly report shall be provided to the policyholder. Such report shall include:

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.

Va. Code § 38.2-5207.2

1990, c. 285.

Amended by Acts 1990, § c.285.