§ 62S.09 — Certificate Requirements
Plain-Language Summary
Certificates issued under group long-term care policies must describe the main benefits, list exclusions and limitations, and explain that the group master policy controls the terms. The insurer must deliver the certificate within 30 days of approval.
62S.09 CERTIFICATE REQUIREMENTS.
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Subdivision 1.Content.
A certificate issued under a group long-term care insurance policy delivered or issued for delivery in this state must include:
(1) a description of the principal benefits and coverage provided in the policy;
(2) a statement of the exclusions, reductions, and limitations contained in the policy; and
(3) a statement that the group master policy determines governing contractual provisions. §
Subd. 2.Delivery.
The issuer of a qualified long-term care insurance policy shall deliver to the applicant, policyholder, or certificate holder the contract or certificate no later than 30 days after the date of approval.
History:
History: History:
1997 c 71 art 1 s 9