33-22-1114. Prohibited practices and policy provisions.
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/mt/title-33/chapter-22/part-11/33-22-1114·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-22-1114 . Prohibited practices and policy provisions.
(1)An insurance company may not issue a refund to a person other than the owner of the policy or certificate.
(2)A long-term care insurance policy may not:
(a)be canceled, nonrenewed, or otherwise terminated on any grounds other than the insured's or certificate holder's failure to pay the premium;
(b)contain a provision establishing a new waiting period if existing coverage is converted to or replaced by a new or other form within the same company, except with respect to an increase in benefits voluntarily selected by the insured individual or group policyholder; or
(c)provide coverage for only skilled nursing care or provide substantially more coverage for skilled nursing care in a facility than coverage for lower levels of care.