Iowa Admin. Code r. 191-72.1

Current through Register Vol. 47, No. 6, September 18, 2024
Rule 191-72.1 - Purpose

The purpose of this chapter is to set forth the minimum standards for long-term care insurance policies sold prior to December 31, 2009, that participate in the Iowa long-term care asset preservation program; establish documentation and reporting requirements for issuers of policies or certificates to qualify under the Iowa long-term care asset preservation program; provide full disclosures in the sale of long-term care insurance policies and certificates which qualify under the Iowa long-term care asset preservation program; and facilitate public understanding regarding long-term care insurance and long-term care insurance policies and certificates which qualify under the Iowa long-term care asset preservation program.

Iowa Admin. Code r. 191-72.1

Amended by IAB May 5, 2021/Volume XLIII, Number 23, effective 6/9/2021