Report to policy holder.

1. Law
2. Utah Code
3. Insurance Code
4. Contracts in Specific Lines
5. Accident and Health Insurance
6. Report to policy holder.

• (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.

• (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.

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