Delaware § 7106 Nonforfeiture benefit requirement

Delaware Statutes

§ 7106 — Nonforfeiture benefit requirement

Delaware·Title 18·Part Insurance·Ch. 71 LONG-TERM CARE INSURANCE

(a)No insurer may issue or deliver a long-term care insurance policy in this State unless the insurer offers to the applicant the option to purchase a policy that provides for nonforfeiture benefits.

(b)The Insurance Commissioner shall promulgate rules and regulations which specify the types of nonforfeiture benefits to be included in the policies and certificates, the standards for the benefits and the date nonforfeiture benefits must commence.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) No insurer may issue or deliver a long-term care insurance policy in this State unless the insurer offers to the applicant the option to purchase a policy that provides for nonforfeiture benefits.

(b) The Insurance Commissioner shall promulgate rules and regulations which specify the types of nonforfeiture benefits to be included in the policies and certificates, the standards for the benefits and the date nonforfeiture benefits must commence.

Delaware § 7106 (Nonforfeiture benefit requirement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.