2013 Maryland Code
INSURANCE
§ 18-117 - Reports about benefits funded by acceleration of death benefits
§18-117.
(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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