2011 Vermont Code
Title 08 Banking and Insurance
Chapter 154 LONG-TERM CARE INSURANCE
§ 8092 Acceleration of life insurance death benefit; monthly report
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TITLE 8
Banking and Insurance
PART IV
Retirement Communities
CHAPTER 154. LONG-TERM CARE INSURANCE
§ 8092. Acceleration of life insurance death benefit; monthly report
Anytime 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. The 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. (Added 2003, No. 124 (Adj. Sess.), { 2, eff. Jan. 1, 2005.)
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