Ala. Admin. Code r. 482-1-091-.24

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-091-.24 - Prohibition Against Preexisting Conditions And Probationary Periods In Replacement Policies Or Certificates

If a long-term care insurance policy or certificate replaces another long-term care policy or certificate, the replacing insurer shall waive any time periods applicable to preexisting conditions and probationary periods in the new long-term care policy for similar benefits to the extent that similar exclusions have been satisfied under the original policy.

Author: Reyn Norman, Associate Counsel

New Rule: June 14, 1991; effective October 1, 1991. Revised: August 16, 2000; effective January 1, 2001. Filed for codification in the Alabama Administrative Code by the Department of Insurance on January 17, 2003, pursuant to the Code of Ala. 1975, § 27-7-43.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-19-100, etseq.