qualified long-term care insurance contract

(1) In general The term “qualified long-term care insurance contract” means any insurance contract if— (A) the only insurance protection provided under such contract is coverage of qualified long-term care services, (B) such contract does not pay or reimburse expenses incurred for services or items to the extent that such expenses are reimbursable under title XVIII of the Social Security Act or would be so reimbursable but for the application of a deductible or coinsurance amount, (C) such contract is guaranteed renewable, (D) such contract does not provide for a cash surrender value or other money that can be— (i) paid, assigned, or pledged as collateral for a loan, or (ii) borrowed, other than as provided in subparagraph (E) or paragraph (2)(C), (E) all refunds of premiums, and all policyholder dividends or similar amounts, under such contract are to be applied as a reduction in future premiums or to increase future benefits, and (F) such contract meets the requirements of subsection (g).


26 USC § 7702B(b)(1)

Scoping language

None identified, default scope is assumed to be the parent (chapter 79) of this section.
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