Current through 2024, ch. 69
Section 59A-23G-3 - Short-term plans; excepted benefits; standards for policy provisionsA. The superintendent shall adopt and promulgate rules to establish specific standards: (1) that set the manner, content and required disclosure for the sale of short-term plans and excepted benefits plans, including standards for full and fair disclosure; and(2) for the sale of short-term plans and excepted benefits plans, which standards shall include standards relating to: (a) terms of renewability or extension of coverage;(b) initial and subsequent conditions of eligibility;(c) nonduplication of coverage provisions;(d) coverage of dependents;(e) preexisting conditions;(f) termination of insurance;(g) probationary periods;(j) reductions and exclusions;(l) requirements for replacement by the health insurance carrier;(m) recurrent conditions;(n) the definition of terms to describe the specific types of coverage sold pursuant to the Short-Term Health Plan and Excepted Benefit Act and specific standards and policy provisions required of these plans;(q) advertising and marketing;(s) mandatory disclosures;(t) coverage suitability; and(u) policy and certificate approval.B. All advertisements, marketing materials and application and policy forms relating to short-term plans shall prominently display a notice that the coverage is unavailable to any potential insured who has been covered under a short-term plan in the previous twelve-month period.Added by 2019, c. 235,s. 3, eff. 6/14/2019.