Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 14 - LONG-TERM CARE
Chapter 31.14.01 - Long-Term Care Insurance
Section 31.14.01.17 - Appropriateness of Recommended Purchase
Universal Citation: MD Code Reg 31.14.01.17
Current through Register Vol. 51, No. 19, September 20, 2024
A. In recommending the purchase or replacement of any long-term care insurance policy or certificate, an agent shall make reasonable efforts to determine the appropriateness of a recommended purchase or replacement.
B. In recommending the purchase or replacement of any long-term care insurance policy or certificate, the insurer or its agent shall make a reasonable effort to identify whether a prospective applicant for long-term care insurance:
(1) Already has long-term care insurance, and the types and amounts of insurance;
(2) Had long-term care insurance in force during the last 12 months;
(3) Is covered or is eligible for coverage under the Medical Assistance Program (Medicaid); or
(4) Intends to replace an existing hospital, medical, surgical, or other health insurance coverage with long-term care insurance.
Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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