2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
62S.11 MONTHLY REPORT.
Subdivision 1. Required report. 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 must be provided to the policyholder.
Subd. 2. Contents. The report must include the following information:(1) long-term care benefits paid out during the month;(2) an explanation of 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.
History: 1997 c 71 art 1 s 11
Subdivision 1. Required report. 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 must be provided to the policyholder.
Subd. 2. Contents. The report must include the following information:(1) long-term care benefits paid out during the month;(2) an explanation of 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.
History: 1997 c 71 art 1 s 11
Official Publication of the State of Minnesota
Revisor of Statutes