Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 425 - LONG-TERM CARE INSURANCE
Section 031-425-3 - Applicability and Scope

Universal Citation: 02 ME Code Rules ยง 031-425-3
Current through 2024-38, September 18, 2024

Except as otherwise provided in 24-A M.R.S.A. §§ 5072(4)(A)-(C) and 5073, this rule applies to: all individual and group long-term care insurance policies; to long-term care insurance group certificates; and to individual and group annuities and life insurance policies or riders that provide or supplement coverage for long-term care insurance. The rule applies to any such instrument delivered or issued for delivery in this state on and after the effective date of this rule and to any product advertised, marketed or offered in this state as long-term care insurance. The entities subject to this rule are: insurers; fraternal benefit societies; non-profit health care, hospital and medical service corporations; health maintenance organizations; prepaid health plan organizations; and other similar entities as defined in 24-A M.R.S.A. §5072(4). The rule does not apply to certificates delivered under policies issued in other states to employer groups described in 24-A M.R.S.A. §2804, and to labor union groups described in 24-A M.R.S.A. §2805.

(Drafting Note: This rule does not apply to contracts issued or issued for delivery in other states even if the insured becomes a resident of this state.)

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