W. Va. Code R. § 114-32-32

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-32-32 - Requirement to Deliver Shopper's Guide

32.1. 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 Commissioner, shall be provided to all prospective applicants of a long-term care insurance policy or certificate.

32.1.a. In the case of t producer solicitations, a producer must deliver the shopper's guide prior to the presentation of an application or enrollment form.

32.1.b. In the case of direct response solicitation, the shopper's guide must be presented in conjunction with any application or enrollment form.

32.2. 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 W. Va. Code § 33-15A-6.

W. Va. Code R. § 114-32-32