1. (1) An insurer shall provide the policyholder a monthly report if an accident and health rider or supplemental benefit is:

   1. (a) funded through a life insurance vehicle by acceleration of the death benefit; and
   2. (b) in benefit payment status.

2. (2) The report required by Subsection (1) shall include:

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

   2. (b) an explanation of any changes in the policy due to rider or supplemental benefits being paid out such as:

      1. (i) death benefits; or
      2. (ii) cash values; and
   3. (c) the amount of the rider or supplemental benefits existing or remaining.

Enacted by Chapter 116, 2001 General Session