2015 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
62S.11 MONTHLY REPORT.
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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.
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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:
Official Publication of the State of Minnesota
Revisor of Statutes