760 Ind. Admin. Code 2-20-26.5

Current through December 12, 2024

Section 760 IAC 2-20-26.5 - "Policy eligible for favorable tax status" defined

Authority: IC 27-8-12-7.1

Affected: IC 12-15-2; IC 27-8-12-7

Sec. 26.5.

As used in this rule, "policy eligible for favorable tax status" means any long term care insurance policy or certificate meeting federal standards of HIPAA 1996, including clearly disclosing in the policy and in the outline of coverage that such policy is intended to be a long term care insurance contract eligible for favorable tax status under Section 7702B(b) of Chapter 79 of the Internal Revenue Code of 1986.

760 IAC 2-20-26.5

Department of Insurance; 760 IAC 2-20-26.5; filed Jul 28, 1997, 1:50 p.m.: 20 IR 3370; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed November 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA

Readopted filed 11/19/2019, 9:18 a.m.: 20191218-IR-760190497RFA

Readopted filed 11/30/2022, 11:39 a.m.: 20221228-IR-760220302RFA