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Searching 2023-2024 Session

The Vermont Statutes Online

The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.

NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.

Title 8 : Banking and Insurance

Chapter 154 : Long-Term Care Insurance

(Cite as: 8 V.S.A. § 8092)
  • § 8092. Acceleration of life insurance death benefit; monthly report

    Anytime 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 shall be provided to the policyholder. The report shall include:

    (1) any long-term care benefits paid out during the month;

    (2) an explanation of any 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. (Added 2003, No. 124 (Adj. Sess.), § 2, eff. Jan. 1, 2005.)