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Indiana Code Title 27. Insurance § 27-8-12-7.1

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 7.1. The department of insurance shall adopt rules under IC 4-22-2 that establish standards for the qualification of a long term care policy under IC 12-15-39.6.  The rules must include the following:

(1) The standards adopted under section 7 of this chapter.

(2) The requirement that an insurer or other person who issues a qualified long term care policy must at a minimum offer to each policyholder or prospective policyholder a policy that provides both:

(A) long term care facility coverage;  and

(B) home and community care coverage.

(3) A provision that an insurer or other person who complies with subdivision (2) may elect to also offer a qualified long term care policy that provides only long term care facility coverage.

(4) The submission of data by insurers that will allow the department of insurance, the office of Medicaid policy and planning, and the division of aging to administer the Indiana long term care program under IC 12-15-39.6.

(5) Other standards needed to administer the Indiana long term care program.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-8-12-7.1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-8-12-7-1/

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