§ 18–117
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 18-117 (2026)
Title 18. Long-Term Care Insurance
Subtitle 1
§ 18–117LinkCopy Citation
(a)
Whenever a long-term care benefit that is funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, the carrier shall provide a monthly report to the policyholder.
(b)
A report under this section shall include:
(1)
any long-term care benefits paid out during the month;
(2)
an explanation of any changes in the policy, including changes to death benefits or cash values, that result from the payment of long-term care benefits; and
(3)
the amount of long-term care benefits that remain.