Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 46 - LONG-TERM CARE INSURANCE
Section 210-46-015 - Discretionary Powers of Director
Universal Citation: 210 NE Admin Rules and Regs ch 46 ยง 015
Current through September 17, 2024
The Director may upon written request and after an administrative hearing, issue an order to modify or suspend a specific provision or provisions of this regulation with respect to a specific long-term care insurance policy or certificate upon a written finding that:
015.01 The modification or suspension would be in the best interest of the insureds; and
015.02 The purposes to be achieved could not be effectively or efficiently achieved without the modification or suspension; and
015.03
015.03(A) The modification or suspension is
necessary to the development of an innovative and reasonable approach for
insuring long-term care; or
015.03(B) The 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 such a
community; or
015.03(C) The
modification or suspension is necessary to permit long-term care insurance to
be sold as part of, or in conjunction with, another insurance
product.
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