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Section 632 - Report to policy holder.

UT Code § 31A-22-632 (2019) (N/A)
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(1) An insurer shall provide the policyholder a monthly report if an accident and health rider or supplemental benefit is: (a) funded through a life insurance vehicle by acceleration of the death benefit; and (b) in benefit payment status.

(a) funded through a life insurance vehicle by acceleration of the death benefit; and

(b) in benefit payment status.

(2) The report required by Subsection (1) shall include: (a) any rider or supplemental benefits paid out during the month; (b) an explanation of any changes in the policy due to rider or supplemental benefits being paid out such as: (i) death benefits; or (ii) cash values; and (c) the amount of the rider or supplemental benefits existing or remaining.

(a) any rider or supplemental benefits paid out during the month;

(b) an explanation of any changes in the policy due to rider or supplemental benefits being paid out such as: (i) death benefits; or (ii) cash values; and

(i) death benefits; or

(ii) cash values; and

(c) the amount of the rider or supplemental benefits existing or remaining.

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