Maryland Insurance Section 18-117

Article - Insurance

§ 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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