Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 425 - LONG-TERM CARE INSURANCE
Section 031-425-30 - Delivery of Shopper's Guide

Universal Citation: 02 ME Code Rules ยง 031-425-30

Current through 2024-38, September 18, 2024

A. A long-term care insurance shopper's guide in the format developed by the National Association of Insurance Commissioners shall be provided to all prospective applicants of a long-term care insurance policy or certificate.

B. In the case of producer solicitations, a producer shall deliver the shopper's guide at the producer's "first solicitation," as defined in Section 29(B).

C. In the case of direct response solicitations, the insurer shall deliver the shopper's guide no later than the time of its "first solicitation," as defined in Section 29(B).

D. For life insurance policies or riders containing accelerated long-term care benefits, insurers and producers are not required to furnish the shopper's guide; however, they shall furnish a life insurance policy summary as required by 24-A M.R.S.A. §5074(4).

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