Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 90f - INDIVIDUAL IMMINENT DEATH/LIFETIME HEALTH CARE FACILITY CONFINEMENT BENEFITS PROVIDED AS ACCELERATED DEATH BENEFIT OR SETTLEMENT OF DEATH BENEFIT; PROVIDED BY RIDERS OR BUILT INTO POLICIES-STATEMENT OF POLICY
Section 90f.14 - Tax consequences notice

(a) The form contains a clear statement that the tax status of the accelerated death benefit payment is not clear at this time and that the owner should seek additional information from his personal tax advisor. The statement appears in a prominent position in prominent type on the first page of the rider, or the policy if the benefit is built into the policy. Prominent type means, for example, all capital letters, contrasting color, underlined or otherwise differentiated from the other type in the form.

(b) If the tax status is determined by legislation or Internal Revenue Service ruling, a tax consequences notice will not be required until further notification.