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District of Columbia Code Division V. Local Business Affairs § 31-3608. Monthly reports.

Current as of January 01, 2024 | Updated by Findlaw Staff

Any time a long-term care benefit which is 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 monthly report shall include the following:

(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 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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Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 31-3608. Monthly reports. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-31-3608/

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