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Mo. Rev. Stat. § 376.1118

Benefits funded by a life insurance death benefit acceleration, reports to..

Known as the Standard Valuation Law

The act spans §§ 376–376 (408 sections).

Effective: 28 Aug 1990; (L. 1990 S.B. 765 § 7)

Any time 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. Such 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.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.