376.1118. Benefits funded by a life insurance death benefit acceleration, reports to policyholder required, content.
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/mo/chapter-376/376-1118A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
376.1118. Benefits funded by a life insurance death benefit acceleration, reports to policyholder required, content. — 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, a monthly report shall be 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, such as 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.
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(L. 1990 S.B. 765 § 7)
Transferred 2002; formerly 376.958