§ 31A-22-632. Report to policy holder.

Latest version.

(1)

An insurer shall provide the policyholder a monthly report if an accident and health rider or supplemental benefit is:

(a)	funded through a life insurance vehicle by acceleration of the death benefit; and

(b)	in benefit payment status.

(2)

The report required by Subsection (1) shall include:

(a)	any rider or supplemental benefits paid out during the month;

(b)

an explanation of any changes in the policy due to rider or supplemental benefits being paid out such as:

(i)	death benefits; or

(ii)	cash values; and

(c)	the amount of the rider or supplemental benefits existing or remaining.

Enacted by Chapter 116, 2001 General Session

                    
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