2011 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 376 Life, Health and Accident Insurance
Section 376.1118. Benefits funded by a life insurance death benefit acceleration, reports to policyholder required, content.
Benefits funded by a life insurance death benefit acceleration, reports to policyholder required, content.
376.1118. Any time a long-term care benefit, 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. Such report shall include:
(1) Any long-term care benefits paid out during the month;
(2) An explanation of any changes in the policy, such as 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.
(L. 1990 S.B. 765 7)*Transferred 2002; formerly 376.958
Annotation Copyright Missouri Joint Committee on Legislative Research
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