Conn. Agencies Regs. § 38a-528-12

Current through November 7, 2024
Section 38a-528-12 - Requirement to offer a non-forfeiture benefit

No insurer shall offer for sale a long-term care insurance certificate unless the insurer also offers the applicant the option to purchase a certificate that provides a non-forfeiture benefit. An insurer shall meet this requirement by providing return of premium, full benefits for a reduced benefit period, reduced benefits for the full benefit period, or another benefit that is acceptable to the Commissioner. A certificate that provides a non-forfeiture benefit shall include a schedule of this benefit.

Conn. Agencies Regs. § 38a-528-12

Effective September 30, 1994