2006 Utah Code - 31A-22-632 — Report to policy holder.

     31A-22-632.   Report to policy holder.
     (1) An insurer shall provide the policyholder a monthly report if an accident and health rider or supplemental benefit is:
     (a) funded through a life insurance vehicle by acceleration of the death benefit; and
     (b) in benefit payment status.
     (2) The report required by Subsection (1) shall include:
     (a) any rider or supplemental benefits paid out during the month;
     (b) an explanation of any changes in the policy due to rider or supplemental benefits being paid out such as:
     (i) death benefits; or
     (ii) cash values; and
     (c) the amount of the rider or supplemental benefits existing or remaining.

Enacted by Chapter 116, 2001 General Session