Code of the District of Columbia

§ 31–3608. Monthly reports.

Any time a long-term care benefit which is funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, a monthly report shall be provided to the policyholder. The monthly report shall include the following:

(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.