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Maryland Code, Insurance § 18-117

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Whenever a long-term care benefit that is funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, the carrier shall provide a monthly report to the policyholder.

(b) A report under this section shall include:

(1) any long-term care benefits paid out during the month;

(2) an explanation of any changes in the policy, including changes to death benefits or cash values, that result from the payment of long-term care benefits; and

(3) the amount of long-term care benefits that remain.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 18-117 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-18-117/

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