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§ 18-117. Reports relating to long-term care benefits funded by acceleration of death benefits

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 18. Long-Term Care Insurance (Refs & Annos)
MD Code, Insurance, § 18-117
§ 18-117. Reports relating to long-term care benefits funded by acceleration of death benefits
In general
(a) Whenever a long-term care benefit that is funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, the carrier shall provide a monthly report to the policyholder.
Contents of report
(b) A report under this section shall include:
(1) any long-term care benefits paid out during the month;
(2) an explanation of any changes in the policy, including changes to death benefits or cash values, that result from the payment of long-term care benefits; and
(3) the amount of long-term care benefits that remain.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 647A.
MD Code, Insurance, § 18-117, MD INSURANCE § 18-117
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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