Section 760IAC2-20-2. Purpose

Latest version.

The purpose of this rule is to:

(1) establish minimum standards for long term care insurance policies, certificates, and riders to qualify for participation in the Indiana long term care program;

(2) establish documentation and reporting requirements for issuers of policies, certificates, or riders to qualify under the Indiana long term care program;

(3) provide full disclosures in the sale of long term care insurance policies, certificates, and riders which qualify under the Indiana long term care program; and

(4) facilitate public understanding regarding long term care insurance and long term care insurance policies, certificates, and riders which qualify under the Indiana long term care program.

(Department of Insurance; 760 IAC 2-20-2; filed Nov 20, 1992, 9:00 a.m.: 16 IR 1145; filed Jun 15, 1994, 10:00 a.m.: 17 IR 2644; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed Nov 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA)

                    
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