Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter Y - STANDARDS FOR LONG-TERM CARE INSURANCE, NON-PARTNERSHIP AND PARTNERSHIP LONG-TERM CARE INSURANCE COVERAGE UNDER INDIVIDUAL AND GROUP POLICIES AND ANNUITY CONTRACTS, AND LIFE INSURANCE POLICIES THAT PROVIDE LONG-TERM CARE BENEFITS WITHIN THE POLICY
Division 2 - NON-PARTNERSHIP AND PARTNERSHIP LONG-TERM CARE INSURANCE
Section 3.3807 - Policy or Certificate Standards for Guaranteed Renewability
Current through Reg. 50, No. 13; March 28, 2025
(a) The term "guaranteed renewability" may be used only when the policyholder has the right to continue the long-term care insurance in force by the timely payment of premiums and when the insurer has no unilateral right to make any change in any provision of the policy or rider while the insurance is in force and cannot decline to renew, except that rates may be revised by the insurer on a class basis. The policyholder retains the right to cancel the long-term care insurance contract with the required notice of cancellation, as outlined in the contract. Upon such cancellation by the policyholder, the insurer must return any unearned premium to the policyholder.
(b) A group long-term care policy may not be described as a guaranteed renewable policy unless the insurer and policyholder have agreed by policy contract provision that the policy cannot be terminated by either the insurer or the policyholder until there are no certificates remaining thereunder. The term "guaranteed renewability" may apply to a group certificate of coverage if and only if the certificate form provides that:
