Section 230-RICR-20-35-1.3 - Applicability and ScopeA. Except as otherwise specifically provided, this Part applies to all long-term care insurance as defined in R.I. Gen. Laws § 27-34.2-4, including qualified long-term care contracts subject to the requirements of Section 7702B(b) of the Internal Revenue Code of 1986 (26 U.S.C. § 7702B(b)), as amended and life insurance policies that accelerate benefits for long- term care delivered or issued for delivery in this state on or after the effective date of the 2008 amendments to this Part by issuers, as defined in R.I. Gen. Laws § 27-34.2-4.B. Additionally, this Part is intended to apply to policies having indemnity benefits that are triggered by activities of daily living and sold as disability income insurance, if: 1. The benefits of the disability income policy are dependent upon or vary in amount based on the receipt of long-term care services;2. The disability income policy is advertised, marketed or offered as insurance for long-term care services; or3. Benefits under the policy may commence after the policyholder has reached Social Security's normal retirement age unless benefits are designed to replace lost income or pay for specific expenses other than long-term care services.230 R.I. Code R. 230-RICR-20-35-1.3
Amended effective 5/26/2019