Or. Admin. Code § 836-052-0736

Current through Register Vol. 63, No. 11, November 1, 2024

Section 836-052-0736 - Prohibition Against Preexisting Conditions, Waiting Periods and Probationary Periods in Replacement Policies and Certificates

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

(2) If a group long-term care policy is replaced by another group long-term care policy purchased by the same policyholder, the succeeding insurer shall offer coverage to all persons covered under the old group policy on its date of termination.

ID 20-1990, f. 12-13-90, cert. ef. 1-1-91; Renumbered from 836-052-0575, ID 3-2005, f. & cert. ef. 3-1-05; ID 10-2007, f. 12-3-07, cert. ef. 1-1-08

Stat. Auth.: ORS 731, 742 & 743

Stats. Implemented: ORS 743.655(1)(a)