Utah Admin. Code R590-148-2 - Purpose and Scope

(1) The purpose of this rule is to:

(a) implement standards for full and fair disclosure of the manner, content, and required disclosures for long-term care insurance;

(b) protect applicants from unfair or deceptive sales or enrollment practices;

(c) facilitate public understanding and comparison of long-term care insurance; and

(d) facilitate flexibility and innovation in the development of long-term care insurance.

(2)

(a) This rule applies to long-term care insurance delivered to or issued for delivery in this state on or after January 1, 1993.

(b) This rule also applies to an income replacement policy offering indemnity benefits triggered by activities of daily living, if:

(i) the benefits are dependent on or vary in amount based on the receipt of long-term care services;

(ii) the income replacement policy is advertised, marketed, or offered as insurance for long-term care services; or

(iii) the benefits under the policy may commence after the insured has reached Social Security's normal retirement age, unless the benefits are designed to replace lost income or pay for specific expenses other than long-term care services.

Notes

Utah Admin. Code R590-148-2

Adopted by Utah State Bulletin Number 2024-21, effective 10/22/2024