☰ Revisor of Missouri

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 376

Effective - 28 Aug 1990 bottom

  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.

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(L. 1990 S.B. 765 § 7)

Transferred 2002; formerly 376.958


---- end of effective   28 Aug 1990 ----

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