Utah Code § 31A-22-1410

Current through the 2024 Fourth Special Session

Section 31A-22-1410 - Report to policyholder

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.

Utah Code § 31A-22-1410

Enacted by Chapter 243, 1991 General Session