Connecticut Administrative Code
Title 38a - Insurance Department
458 - Life Insurance Providing Long-Term Care Benefits
Section 38a-458-1 - Definitions
Universal Citation: CT Reg of State Agencies 38a-458-1
Current through September 9, 2024
As used in Sections 38a-458-1 to 38a-458-12, inclusive of the Regulations of Connecticut State Agencies:
(a) "Long-term care benefits" mean:
(1) benefits as defined under Sections
38a-501
and
38a-528
of the Connecticut General Statutes;
(2) which reduce the death benefit otherwise
payable under the life insurance policy or the account value under the annuity
contract; and
(3) which are payable
in periodic payments or a lump sum payment to either a provider or the insured
upon confinement.
(b) "Insurance policy" or "policy" means an insurance policy, annuity contract, or certificate or rider or endorsement thereto.
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