                                 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.