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The Vermont Statutes Online
Title
08
:
Banking and Insurance
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.)