§ 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.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 154 - Long-Term Care Insurance
§ 8083. Extraterritorial jurisdiction
§ 8084a. Required disclosure of rating practices to consumers
§ 8085. Minimum benefits and coverage; general
§ 8086. Preexisting conditions
§ 8087. Prior institutionalization
§ 8089. Right to return; free look
§ 8090. Outline of coverage for applicant; certificate
§ 8091. Policy summary for life insurance policy providing long-term care benefits
§ 8092. Acceleration of life insurance death benefit; monthly report
§ 8093. Denial of claims; written explanation
§ 8094. Incontestability period
§ 8095. Nonforfeiture benefits
§ 8096. Secondary notice of cancellation