Iowa Code r. 191-39.19 - Requirement to deliver shopper's guide
(1) A long-term care insurance shopper's
guide in the format developed by the National Association of Insurance
Commissioners, the Blue Cross and Blue Shield Association, the Health Insurance
Association of America or the senior health insurance information program of
the insurance division shall be provided to all prospective applicants of a
long-term care insurance policy or certificate or life insurance policy or
certificate that includes a long-term care rider.
a. In the case of producer solicitations, a
producer must deliver the shopper's guide to the applicant at the time of
application.
b. In the case of
direct response solicitations, the shopper's guide must be presented to the
applicant at the time the policy is delivered.
(2) Insurers offering life insurance policies
or riders containing accelerated long-term care benefits are not required to
comply with 39.19(1), but shall furnish the policy summary required under rule
191-39.20 (514G).
Notes
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