Md. Code, Insurance § 18-117
This is the official text of Md. Code, Insurance § 18-117, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§18–117.
Official statutory text
(a) Whenever a long-term care benefit that is funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, the carrier shall provide a monthly report to the policyholder.
(b) A report under this section shall include:
(1) any long-term care benefits paid out during the month;
(2) an explanation of any changes in the policy, including changes to death benefits or cash values, that result from the payment of long-term care benefits; and
(3) the amount of long-term care benefits that remain.
(b) A report under this section shall include:
(1) any long-term care benefits paid out during the month;
(2) an explanation of any changes in the policy, including changes to death benefits or cash values, that result from the payment of long-term care benefits; and
(3) the amount of long-term care benefits that remain.
Status: in_force · Read it on the official government site
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