Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 46 - LONG-TERM CARE INSURANCE
Section 210-46-004 - Definitions

Universal Citation: 210 NE Admin Rules and Regs ch 46 ยง 004

Current through September 17, 2024

004.01 For the purpose of this regulation, the terms "long-term care insurance", "group long-term care insurance", "director", "applicant", "policy" and "certificate" shall have the meanings set forth in the Long-Term Care Insurance Act. The term "qualified long-term care insurance," means an individual or group insurance contract that meets the requirements of Section 7702B(b) of the Internal Revenue Code of 1986, as amended.

004.02 Under section 7702B (c)(2)(B) of Internal Revenue Code of 1986, as amended, "activities of daily living" means:

004.02(A) Bathing;

004.02(B) Continence;

004.02(C) Dressing;

004.02(D) Eating;

004.02(E) Toileting; and

004.02(F) Transferring.

004.03 A contract shall not be treated as a qualified long-term care insurance contract unless the determination of whether an individual is a chronically ill individual described in subsection 025.01(B)(1) of this regulation takes into account at least five (5) activities of daily living.

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