38.2-5207.2 - Long-term care benefits; monthly report. - Virginia Statutes

§ 38.2-5207.2. Long-term care benefits; monthly report.

Whenever long-term care benefits being paid are funded through a lifeinsurance policy by acceleration of the death benefit, a monthly report shallbe 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 cashvalues, due to long-term care benefits being paid out; and

3. The amount of long-term care benefits existing or remaining.

(1990, c. 285.)