RCW 48.83.080
96 words·~1 min read·
/wa/title-48/chapter-48-83/48-83-080·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a long-term care benefit funded through a life insurance policy by the acceleration of the death benefit is in benefit payment status, a monthly report must be provided to the policyholder. The report must include:
(1)A record of all long-term care benefits paid out during the month;
(2)An explanation of any changes in the policy resulting from paying the long-term care benefits, such as a change in the death benefit or cash values; and
(3)The amount of long-term care benefits that remain to be paid.
[ 2008 c 145 s 9 .]