CODE OF VIRGINIA

LONG-TERM CARE BENEFITS; MONTHLY REPORT (§ 38.2-5207.2)

Whenever long-term care benefits being paid are funded through a life insurance
policy by acceleration of the death benefit, a monthly report shall be provided
to the policyholder.  Such report shall include:

   1.  Any long-term care benefits paid out during the month;

   2.  An explanation of any changes in the policy, e.g., 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: 1990, c. 285.