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Code · Utah · Title 31A — Insurance Code · Chapter 22

31A-22-1410. Report to policyholder.

94 words·~1 min read·/ut/title-31a/chapter-22/31a-22-1410

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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.
Enacted by Chapter 243 , 1991 General Session
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