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31.14.03.00.htm 31.14.03.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 14 LONG-TERM CARE Chapter 03 Long-Term Care Partnership Authority: Health-General Article, §15-407; Insurance Article, §18-102, 18-106, and 18-107; Annotated Code of Maryland
31.14.03.01.htm 31.14.03.01. 01 Scope.. A. This chapter applies to carriers that issue or deliver partnership policies to Maryland residents.B. The certification process described in this chapter is not a replacement for, and may not impact the form approval process set forth in, COMAR 31.04.17.C. Nothing in this chapter exempts carriers from complying with the requirements found in COMAR 31.14.01 and .02.D. Nothing in this chapter exempts insurance producers from complying with the training requirements
31.14.03.02.htm 31.14.03.02. 02 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "Applicant" means:. a) In the case of an individual long-term care insurance policy, the person who seeks to contract for benefits; andb) In the case of a group long-term care insurance policy, the proposed certificate holder.. 2) "Carrier" means an insurer or a nonprofit health service plan.. 3) "Certificate" means any certificate issued under a group long-term care
31.14.03.03.htm 31.14.03.03. 03 Commissioner Certification.. A. A carrier may not solicit a partnership policy in Maryland until the Commissioner has notified the carrier in writing that the Commissioner has certified the policy to be a partnership policy.B. The Commissioner shall notify the Department in writing within 30 days after the date the Commissioner certifies a new partnership policy.
31.14.03.04.htm 31.14.03.04. 04 Filing Requirements for Certification.. A carrier seeking certification of a long-term care insurance policy to a partnership policy status shall file the following with the Commissioner:A. Proof of prior approval of the long-term care insurance policy in accordance with COMAR 31.04.17, provided in the following manner:1) If the long-term care insurance policy that the carrier intends to use or market as a partnership policy in Maryland was approved by the Commission
31.14.03.05.htm 31.14.03.05. 05 Long-Term Care Insurance Policy Requirements for Partnership Policies.. A. The partnership policy shall comply with the requirements for long-term care insurance under Insurance Article, Title 18, Subtitle 1, Annotated Code of Maryland.B. Schedule Page Disclosure.. 1) Each long-term care insurance policy that is designed or marketed as a partnership policy shall prominently disclose in at least 12-point type, on the individual long-term care insurance policy sch
31.14.03.06.htm 31.14.03.06. 06 Applications.. A. Identification of Partnership Policy Application.. 1) Except as provided in §A(2) and (3) of this regulation, the first page of each application for a partnership policy shall clearly indicate that the application is for a partnership policy.2) If the application is designed to be used with both partnership policies and nonpartnership long-term care insurance policies, the application shall contain a separate section that identifies the i
31.14.03.07.htm 31.14.03.07. 07 Repealed..
31.14.03.08.htm 31.14.03.08. 08 Required Provision of Information Regarding A Partnership Policy.. A. Except as provided in §C of this regulation, at the request of the insured or a representative of the Department on behalf of an insured, a carrier shall provide a completed Long-Term Care Partnership Program Policy Summary in the form set forth in §D of this regulation.B. The completed Long-Term Care Partnership Program Policy Summary required by §A of this regulation shall be:1) Provided within 14 day
31.14.03.09.htm 31.14.03.09. 09 Partnership Policy Status Disclosure Notice.. The format and required text of the Partnership Policy Status Disclosure Notice referred to in Regulation .05C(3) of this chapter shall read as follows:Carrier letterhead]. Important Notice Regarding Your Policy's Long-Term Care Insurance Partnership Policy Status. Please keep this Notice with Your Policy or Certificate). Qualified State Long-Term Care Insurance Partnership. The Qualified State Long-Term Care Insurance P
31.14.03.10.htm 31.14.03.10. 10 Reporting Requirements.. A. Beginning October 1, 2009, and on or before October 1 of each year after October 1, 2009, each carrier that is certified to issue partnership policies in Maryland shall file a report with the Commissioner that includes the information required by §B of this regulation.B. The report required by §A of this regulation shall include the following information:. 1) The number of insureds the carrier covers under partnership policies iss
31.14.03.9999.htm 31.14.03.9999. Administrative History Effective date: December 15, 2008 (35:25 Md. R. 2152). Regulation .04 amended effective March 22, 2010 (37:6 Md. R. 481). Regulation .05B, C amended effective March 22, 2010 (37:6 Md. R. 481). Regulation .05F amended effective June 6, 2016 (43:11 Md. R. 635). Regulation .06B amended effective February 27, 2017 (44:4 Md. R. 256). Regulation .07 repealed effective March 22, 2010 (37:6 Md. R. 481).
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