Section 5056 - Standards for marketingEvery insurer, health care service plan or other entity marketing nursing home care, home health care or long-term care insurance coverage in this State, directly or through its producers, shall: [1997, c. 604, Pt. D, §7(AMD).]
1. Policy comparison. Establish marketing procedures to ensure that any comparison of policies by its agents or other producers is fair and accurate; [1991, c. 200, Pt. C, §3(NEW).]
2.Excessive insurance. Establish marketing procedures to ensure that excessive insurance is not sold or issued. The procedures must include a specific standard for persons covered by Medicaid; [1991, c. 200, Pt. C, §3(NEW).]
3.Replacement policy. Establish marketing procedures that set forth a mechanism or formula for determining whether a replacement policy or certificate contains benefits clearly and substantially greater than the benefits under the replaced policy; and [1991, c. 200, Pt. C, §3(NEW).]
4.Compliance procedures. Establish auditable procedures for verifying compliance with the standards set out in this section. [1991, c. 200, Pt. C, §3(NEW).]
1991, c. 200, §C3 (NEW) . 1997, c. 604, §D7 (AMD) .