33-22-1113 . Disclosure and performance standards for long-term care insurance. (1) The commissioner may by rule adopt standards for full and fair disclosure, setting forth the manner, content, and disclosures required to be made in a long-term care insurance policy, including but not limited to: (a) terms of renewability; (b) initial and subsequent conditions of eligibility; (c) nonduplication of coverage provisions; (d) coverage of dependents; (e) preexisting conditions; (f) termination of insurance; (g) continuation or conversion; (h) probationary periods; (i) limitations; (j) exceptions; (k) reductions; (l) elimination periods; (m) requirements for replacement; (n) recurrent conditions; (o) definition of terms; (p) prohibitions on limitations and exclusions; (q) extension of benefits; (r) discontinuance and replacement of policies; (s) unintentional lapse; (t) prohibitions against postclaim underwriting; (u) minimum standards for home health and community care benefits; (v) inflation protection; (w) incontestability period; and (x) tax consequences. (2) A group long-term care insurance policy must include a provision relating to conversion on termination of eligibility as described in 33-22-508 or include a provision for continuation of coverage that maintains coverage under the existing group policy if the coverage would otherwise terminate.
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