Indiana Code 27-8-12-14.6. Benefits funded through life insurance by acceleration of death benefits; benefit payment status report; contents
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Sec. 14.6. If 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 containing the following shall be provided to the policyholder:
(2) An explanation of any change in the policy, including a change in death benefit or cash value due to long term care benefits being paid.
(1) Any long term care benefit paid out during the month.
Terms Used In Indiana Code 27-8-12-14.6
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) The amount of long term care benefits remaining under the policy.
As added by P.L.114-1991, SEC.18.