The purpose of this article is to promote the public interest, to promote the availability of long-term care insurance policies, to protect applicants for long-term care insurance, as defined, from unfair or deceptive sales or enrollment practices, to establish standards for long-term care insurance, to facilitate public understanding and comparison of long-term care insurance policies, and to facilitate flexibility and innovation in the development of long-term care insurance coverage. The Legislature recognizes the viability of a long-term care product funded through a life insurance vehicle, and this article is not intended to prohibit approval of this product.
Structure Code of Alabama
Chapter 19 - Disability Insurance Policies.
Article 3 - Long-Term Care Insurance Policy Minimum Standards.
Section 27-19-100 - Purpose of Article.
Section 27-19-101 - Applicability of Article.
Section 27-19-102 - Short Title.
Section 27-19-103 - Definitions.
Section 27-19-104 - Coverage Under Policy Issued in Other State.
Section 27-19-106 - Effect of Misrepresentation; Field Issuance.
Section 27-19-107 - Nonforfeiture Benefits.
Section 27-19-108 - Promulgation of Rules and Regulations.