Current through the 2024 Fourth Special Session
Section 31A-22-632 - Report to policy holder(1) An insurer shall provide the policyholder a monthly report if an accident and health rider or supplemental benefit is: (a) funded through a life insurance vehicle by acceleration of the death benefit; and(b) in benefit payment status.(2) The report required by Subsection (1) shall include: (a) any rider or supplemental benefits paid out during the month;(b) an explanation of any changes in the policy due to rider or supplemental benefits being paid out such as: (c) the amount of the rider or supplemental benefits existing or remaining.Enacted by Chapter 116, 2001 General Session.