The director shall adopt regulations regarding
(1) the sale of long-term care insurance that provide minimum standards for
(A) terms of renewability;
(B) initial and subsequent conditions of eligibility;
(C) nonduplication of coverage provisions;
(D) coverage of dependents;
(E) benefit triggers;
(F) preexisting conditions and recurrent conditions;
(G) termination of insurance, including incontestability periods;
(H) continuation or conversion;
(I) probationary periods, limitations, exceptions, reductions, and elimination periods;
(J) requirements for replacement;
(K) producer training, education, compensation, and testing;
(L) marketing practices;
(M) independent review of benefit determinations;
(N) penalties and reporting practices; and
(O) premium rates, including rate filing requirements;
(2) standard definitions of long-term care insurance terms;
(3) nonforfeiture or minimum value requirements;
(4) consumer protection standards, including standards for full and fair disclosure setting out the manner and content of required disclosures; and
(5) the standard format and content of the outline of coverage required under AS 21.53.050.
Structure Alaska Statutes
Chapter 53. Long-term Care Insurance
Sec. 21.53.010. Prohibited sale or advertising.
Sec. 21.53.020. Disclosure and performance standards.
Sec. 21.53.030. Preexisting conditions.
Sec. 21.53.040. Prior hospital or institutional care conditions prohibited.
Sec. 21.53.050. Right of return; outline of coverage; delivery.
Sec. 21.53.060. Long-term care benefits under life insurance policies; denial of claims.
Sec. 21.53.062. Incontestability period.
Sec. 21.53.064. Nonforfeiture benefits.
Sec. 21.53.066. Producer training requirements.
Sec. 21.53.068. Limitations related to producers and third-party administrators.
Sec. 21.53.070. Group long-term care insurance.
Sec. 21.53.080. Organizational requirements of associations.