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.
CREDIT(S)
(May 23, 2000, D.C. Law 13-121, § 9, 47 DCR 2038.)
HISTORICAL AND STATUTORY NOTES
Legislative History of Laws
For Law 13-121, see notes following § 31-3601.