D.C. Code § 31-3608

Current through codified legislation effective September 18, 2024

Section 31-3608 - Monthly reports

Any time a long-term care benefit which is 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 monthly report shall include the following:

(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.

D.C. Code § 31-3608

May 23, 2000, D.C. Law 13-121, § 9, 47 DCR 2038.