NAC687B.112. Monthly report to certain insureds.

If an insured is receiving benefits for long-term care through the acceleration of benefits under a group or individual policy of life insurance, a rider to that policy or an annuity contract, the insurer shall provide a monthly report to the insured. The report must include, without limitation:

     1. A statement of any benefits for long-term care paid during that month;

     2. An explanation of any changes to the policy or contract, including, without limitation, any change to the death benefit or cash value of the policy or contract resulting from the payment of any benefits for long-term care; and

     3. The amount of any remaining benefits for long-term care.

     (Added to NAC by Comm’r of Insurance by R121-07, 9-18-2008, eff. 10-1-2008)