Effective – 28 Aug 2002 376.1100. Law, how cited — definitions. — 1. Sections 376.1100 to 376.1130 may be known and cited as the “Long-term Care Insurance Act”. 2. As used in sections 376.1100 to 376.1130, unless the context requires otherwise, the following terms mean: (1) “Applicant”: (a) In the case of an individual long-term […]
Effective – 28 Aug 2002 376.1103. Laws applicable, Medicare supplement laws not applicable — purpose — policies or riders must be in compliance. — 1. The provisions of sections 376.1100 to 376.1130 shall apply to policies delivered or issued for delivery in this state on or after August 28, 2002. Sections 376.1100 to 376.1130 are […]
Effective – 28 Aug 1990 376.1106. Policies issued in other states may be issued to residents of Missouri if in compliance with Missouri regulations. — No group long-term care insurance coverage may be offered to a resident of this state under a group policy issued in another state to a group described in paragraph (d) […]
Effective – 28 Aug 2021, 2 histories 376.1109. Policies, content requirements, provisions prohibited — rules authorized — cancellation, refund required — limitation on rate increases. — 1. The director may adopt regulations that include standards for full and fair disclosure setting forth the manner, content and required disclosures for the sale of long-term care insurance […]
Effective – 28 Aug 1990 376.1112. Director to provide buyer’s guide — content — advertising of long-term care policies to contain notice of availability of guide. — The director shall prepare a guide that explains the factors to be considered in selecting long-term care insurance and the consequences of particular clauses and exclusions. The guide […]
Effective – 28 Aug 2002 376.1115. Coverage outline to be delivered to applicants, when, content. — 1. An outline of coverage shall be delivered to a prospective applicant for long-term care insurance at the time of initial solicitation through means which prominently direct the attention of the recipient to the document and its purpose. The […]
Effective – 28 Aug 1990 376.1118. Benefits funded by a life insurance death benefit acceleration, reports to policyholder required, content. — Any time a long-term care benefit, funded through a life insurance vehicle by the acceleration of the death benefit, is in benefit payment status, a monthly report shall be provided to the policyholder. Such […]
Effective – 28 Aug 2002 376.1121. Denial of claim, long-term care insurance, duties of issuer. — If a claim under a long-term care insurance contract is denied, the issuer shall, within sixty days of the date of a written request by the policyholder or certificate holder, or a representative thereof: (1) Provide a written explanation […]
Effective – 28 Aug 2002 376.1124. Rescinding of a long-term care policy, permitted when — grounds for contesting — no field issuance, when. — 1. For a policy or certificate that has been in force less than six months, an insurer may rescind a long-term care insurance policy or certificate, or deny an otherwise valid […]
Effective – 28 Aug 2002 376.1127. Nonforfeiture benefit option required for long-term care insurance policies, requirements of offer — rulemaking authority. — 1. Except as provided in subsection 2 of this section, a long-term care insurance policy shall not be delivered or issued for delivery in this state unless the policyholder or certificate holder has […]
Effective – 28 Aug 2002 376.1130. Rulemaking authority. — 1. The director shall promulgate reasonable rules to promote premium adequacy and to provide alternatives for the policyholder in the event of substantial rate increases, and to establish minimum standards for marketing practices, agent testing, penalties, and reporting practices for long-term care insurance. 2. Any rule […]
