760 Ind. Admin. Code 2-20-2

Current through December 12, 2024

Section 760 IAC 2-20-2 - Purpose

Authority: IC 27-8-12-7.1

Affected: IC 12-10-12; IC 12-15-2

Sec. 2.

The purpose of this rule is to:

(1) establish minimum standards for long term care insurance policies, certificates, and riders to qualify for participation in the Indiana long term care program;

(2) establish documentation and reporting requirements for issuers of policies, certificates, or riders to qualify under the Indiana long term care program;

(3) provide full disclosures in the sale of long term care insurance policies, certificates, and riders which qualify under the Indiana long term care program; and

(4) facilitate public understanding regarding long term care insurance and long term care insurance policies, certificates, and riders which qualify under the Indiana long term care program.

760 IAC 2-20-2

Department of Insurance; 760 IAC 2-20-2; filed Nov 20, 1992, 9:00 a.m.: 16 IR 1145; filed Jun 15, 1994, 10:00 a.m.: 17 IR 2644; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed November 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA

Readopted filed 11/19/2019, 9:18 a.m.: 20191218-IR-760190497RFA

Readopted filed 11/30/2022, 11:39 a.m.: 20221228-IR-760220302RFA