Arkansas Code
Subchapter 3 - Long-Term Care Insurance Act of 2005
§ 23-97-307. Disclosure and performance standards for long-term care insurance

(a) The Insurance Commissioner may adopt rules for long-term care insurance that include, but are not limited to, standards for full and fair disclosure addressing:
(1) The manner, content, and required disclosures for the sale of long-term care insurance policies;
(2) Terms of renewability;
(3) Initial and subsequent conditions of eligibility;
(4) Nonduplication of coverage provisions;
(5) Coverage of dependents;
(6) Preexisting conditions;
(7) Termination of insurance;
(8) Continuation or conversion of coverage;
(9) Probationary periods;
(10) Limitations, exceptions, reductions, and elimination periods;
(11) Requirements for replacement;
(12) Recurrent conditions; and
(13) Definitions of terms.

(b) No long-term care insurance policy shall:
(1) Be cancelled, not renewed, or otherwise terminated because of age or the deterioration of the mental or physical health of the insured individual or certificate holder;
(2) Contain a provision establishing a new waiting period in the event existing coverage is converted to or replaced by a new or other form of coverage within the same company, except with respect to an increase in benefits voluntarily selected by the insured individual or group policyholder; or
(3) Provide coverage for skilled nursing care only or provide significantly more coverage for skilled care within a facility than coverage for lower levels of care.