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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.53.090. Required regulations - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-53-090/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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