Section 18-117 - Reports About Benefits Funded by Acceleration of Death Benefits

(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. (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.