Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 14 - LONG-TERM CARE
Chapter 31.14.01 - Long-Term Care Insurance
Section 31.14.01.20 - Waivers
Universal Citation: MD Code Reg 31.14.01.20
Current through Register Vol. 51, No. 19, September 20, 2024
The Commissioner may issue, upon written request and after an administrative hearing, an order to modify or suspend a specific provision or provisions of this chapter with respect to a specific long-term care insurance policy or certificate upon a written finding that:
A. The modification or suspension would be in the best interest of the insureds;
B. The purposes to be achieved could not be effectively or efficiently achieved without the modification or suspension; and
C. Either the:
(1) Modification or suspension is necessary to the development of an innovative and reasonable approach for insuring long-term care,
(2) Policy or certificate is to be issued to residents of a life-care or continuing-care retirement community or some other residential community for the elderly, and the modification or suspension is reasonably related to the special needs or nature of that community, or
(3) Modification or suspension is necessary to permit long-term care insurance to be sold as part of, or in conjunction with, another insurance product.
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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