Connecticut Administrative Code
Title 38a - Insurance Department
501 - Long-Term Care Insurance
Individual Long-Term Care Insurance
Section 38a-501-17 - Suitability of recommended purchase
Current through March 14, 2024
(a) An agent who recommends the purchase or replacement of a long-term care policy or certificate shall have reasonable grounds for believing that the recommendation is suitable for the applicant upon the basis of the facts, if any, disclosed by the applicant concerning his or her health and financial circumstances.
(b) Before selling any individual long-term care policy, an agent shall make reasonable efforts to obtain information concerning the applicant's health and financial circumstances.
(c) Before issuing any individual long-term care policy, a direct response insurer shall have reasonable grounds for believing that the purchase of such policy, whether or not it involves the replacement of existing coverage, is suitable for the applicant upon the basis of the facts, if any, disclosed by the applicant concerning his or her health and financial circumstances.
(d) Every direct response insurer shall include questions on its applications for long-term care insurance that are reasonably designed to obtain information concerning the applicant's health and financial circumstances.
