IC 27-8-12-14.6: Benefits funded through life insurance by acceleration of death benefits; benefit payment status report; contents

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:

(1) Any long term care benefit paid out during the month.

(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.

(3) The amount of long term care benefits remaining under the policy.