2009 Washington Code
Title 48 - Insurance
Chapter 48.83 - Long-term care insurance coverage -- Standards.
48.83.080 - Benefit funded through life insurance policy -- Acceleration of a death benefit.
Benefit funded through life insurance policy — Acceleration of a death benefit.
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 § 9.]
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