Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
62S.11 MONTHLY REPORT.
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.
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: 1997 c 71 art 1 s 11
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.
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: 1997 c 71 art 1 s 11
Official Publication of the State of Minnesota
Revisor of Statutes