RCW 48.83.080
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.]
Structure Revised Code of Washington
Chapter 48.83 - Long-Term Care Insurance Coverage—Standards.
48.83.030 - Out-of-state policy—Restriction.
48.83.040 - Preexisting conditions.
48.83.050 - Prohibited policy terms and practices—Field-issued, defined.
48.83.060 - Right to return policy or certificate—Refund.
48.83.070 - Required documents for prospective and approved applicants—Contents—When due.
48.83.080 - Benefit funded through life insurance policy—Acceleration of a death benefit.
48.83.090 - Denial of claims—Written explanation.
48.83.100 - Rescission of policy or certificate.
48.83.110 - Inflation protection features—Rules.
48.83.120 - Nonforfeiture benefit option—Offer required—Rules.