Section Ins 3602.04 - Notification, Offer of Exchange(a) Except as provided in (b), within 365 calendar days from the date that an insurer begins to advertise, market, offer, or sell coverage under the New Hampshire long-term care partnership program, the insurer shall offer, on a one-time basis to all policyholders or certificate holders that were issued long-term care insurance on or after February 8, 2006, the option to exchange existing long term-care coverage for a New Hampshire partnership policy or certificate as follows: (1) An insurer shall advise policyholders by written notice of their right to exchange their current long-term care policy for a partnership policy;(2) This notice shall include a provision giving the policyholder up to 90 calendar days from the date of the notice to make their intention to exchange known to the insurance company; and(3) If the policy is a group long-term care policy and an exchange is permitted by the policyholder, each certificateholder shall be given notice of the option to exchange the certificate for a certificate providing partnership coverage within 90 calendar days of the mailing of the notice by the insurer.(b) Within 90 calendar days from the date that an insurer begins to advertise, market, offer, or sell coverage under the New Hampshire long-term care partnership program, the insurer shall deliver to any policyholder or certificateholder who was issued a non-certified partnership policy or certificate, an endorsement approved under Ins 3602.07(b) together with a notice that informs the policyholder or certificateholder that the policy or certificate qualifies as a New Hampshire partnership policy or certificate.N.H. Admin. Code § Ins 3602.04
Amended by Volume XXXVIII Number 06, Filed February 8, 2018, Proposed by #12472, Effective 2/16/2018, Expires 2/16/2028.