Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-157 - LONG-TERM CARE INSURANCE
Section 69O-157.012 - Exclusions, Limitations, Reductions
Current through Reg. 50, No. 187; September 24, 2024
(1) Exclusions, limitations, reductions, generally -
(2) Exclusion - An exclusion is any provision in a policy or contract whereby coverage for a specified hazard is entirely eliminated. It is a statement of risk not assumed under the terms and provisions of the contract.
(3) Limitation - A limitation is any provision in a policy or contract whereby coverage amounts or duration of benefits or conditions under which benefits are delivered are specified.
(4) Reduction - A reduction is any provision in a policy or contract which takes away some portion, but not all of the coverage of such policy or contract under certain specific conditions. Such provision may limit the coverage amounts or duration of benefits to some coverage amount or duration of benefit which is less than would be otherwise applicable had such reduction clause not been used.
(5) No long-term care insurance policy or certificate may exclude or use waivers or riders of any kind to exclude, limit, or reduce coverage or benefits for specifically named or described pre-existing diseases or physical conditions beyond any general pre-existing condition waiting period otherwise permitted by statute or rule.
(6) Exclusions and limitations prohibited - No policy or contract may exclude or limit coverage by type of illness, treatment, medical condition or accident, except as follows:
(7) The exclusions and limitations provisions of this rule are not intended to prohibit those allowable exclusions and limitations by type of provider or territorial limitations, provided that any such territorial limitations may not exclude coverage in any state of the United States.
Rulemaking Authority 624.308(1), 627.9407(1) FS. Law Implemented 624.307(1), 627.9407(1) FS.
New 5-17-89, Formerly 4-81.012, 4-157.012.