§ 8092.
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/vt/title-8/chapter-154/8092A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 8092. Acceleration of life insurance death benefit; monthly report
Anytime 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. The 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. (Added 2003, No. 124 (Adj. Sess.), § 2, eff. Jan. 1, 2005.)