Mo. Rev. Stat. § 376.1118

Current with changes from the 2024 Legislative Session

Section 376.1118 - Benefits funded by a life insurance death benefit acceleration, reports to policyholder required, content

Any time 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. Such 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.

§ 376.1118, RSMo

L. 1990 S.B. 765 § 7