Sec. 21.53.090. Required regulations.

155 words·~1 min read·/ak/title-21/chapter-53/21-53-090

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The director shall adopt regulations regarding

(1)the sale of long-term care insurance that provide minimum standards for

(A)terms of renewability;

(B)initial and subsequent conditions of eligibility;

(C)nonduplication of coverage provisions;

(D)coverage of dependents;

(E)benefit triggers;

(F)preexisting conditions and recurrent conditions;

(G)termination of insurance, including incontestability periods;

(H)continuation or conversion;

(I)probationary periods, limitations, exceptions, reductions, and elimination periods;

(J)requirements for replacement;

(K)producer training, education, compensation, and testing;

(L)marketing practices;

(M)independent review of benefit determinations;

(N)penalties and reporting practices; and

(O)premium rates, including rate filing requirements;

(2)standard definitions of long-term care insurance terms;

(3)nonforfeiture or minimum value requirements;

(4)consumer protection standards, including standards for full and fair disclosure setting out the manner and content of required disclosures; and

(5)the standard format and content of the outline of coverage required under AS 21.53.050 .