58-17B-5. Grounds for termination and certain provisions prohibited.
111 words·~1 min read·
/sd/title-58/chapter-58-17/58-17b-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No long - term care insurance policy may:
(1)Be cancelled, nonrenewed, or otherwise terminated on the grounds of the age or the deterioration of the mental or physical health of the insured individual or certificate holder; or
(2)Contain a provision establishing a new waiting period in the event 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
(3)Provide coverage for skilled nursing care only or provide significantly more coverage for skilled care in a facility than coverage for lower levels of care.