Current through October 17, 2024
Section 3 AAC 28.590 - Requirement to deliver shopper's guide(a) A long-term care insurance shopper's guide in the format developed by the National Association of Insurance Commissioners, or a guide developed or approved by the director, shall be provided to all prospective applicants of a long-term care insurance policy or certificate. The shopper's guide is subject to the following:(1) in the case of agent solicitations, an agent shall deliver the shopper's guide before the presentation of an application or enrollment form; or(2) in the case of direct response solicitations, the shopper's guide shall be presented in conjunction with an application or enrollment form.(b) Life insurance policies or riders containing accelerated long-term care benefits are not required to furnish the above-referenced guide, but shall furnish the policy summary required under AS 21.53.020 - AS 21.53.060.Eff. 3/27/2022, Register 241, April 2022Authority:AS 21.06.090
AS 21.53.020
AS 21.53.030
AS 21.53.040
AS 21.53.050
AS 21.53.090