{"data":{"id":"us-ak/as-21.53.060","jurisdiction":"us-ak","citation":"AS 21.53.060","heading":"Long-term care benefits under life insurance policies; denial of claims.","body":"(a) In addition to the requirements of AS 21.45, at the time of policy delivery, a policy summary shall be included with an individual life insurance policy if the policy or policy rider provides long-term care benefits. In the case of direct response solicitations, the insurer shall deliver the policy summary upon the applicant's request but, regardless of request, shall deliver a policy summary not later than the time of policy delivery. The summary must include\n(1) an explanation of how the long-term care benefits interact with other components of the policy, including deductions from death benefits;\n(2) an illustration of the amount and length of benefits, and guaranteed lifetime benefits, if any, for each covered person;\n(3) an explanation of each exclusion, reduction, and limitation on long-term care benefits;\n(4) if applicable to the policy type,\n(A) disclosure of the effects of exercising other rights under the policy;\n(B) disclosure of guarantees related to the long-term care costs of insurance charges; and\n(C) current and projected maximum lifetime benefits; and\n(5) if the director adopts a regulation that permits but does not require inflation protection, and the policy does not provide for inflation protection, a statement that inflation protection is not available under the policy.\n(b) If a long-term care benefit is paid under a life insurance policy by the acceleration of the policy death benefit, and is in benefit payment status, a monthly report shall be provided to the policyholder. The report must include\n(1) long-term care benefits paid out during the month;\n(2) an explanation of changes in the policy, including changes in death benefits or cash values, due to long-term care benefits being paid out; and\n(3) the amount of long-term care benefits remaining.\n(c) If a claim under a long-term care insurance policy is denied by an insurer, the insurer shall, within 60 days after the date of a written request by a policyholder or a representative of a policyholder,\n(1) provide a written explanation of the reasons for the denial; and\n(2) make available all information directly related to the denial.","path":["Title 21. Insurance.","Chapter 53. Long-term Care Insurance."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.53.060","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"cf097d521fb502ac0b3e2a37a8c413ad19005c673cb220d460ab249f14893888","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.53.050","next":"us-ak/as-21.53.062"},"notice":"GroundRules: Original legal text. Not legal advice."}