Idaho Statutes
§ 56-1306 — NOTICE REQUIREMENT
(1)An insurer issuing or marketing policies that qualify as partnership policies shall explain the benefits associated with a partnership policy by providing an asset disregard notice indicating that at the time of issue the coverage is an approved long-term care partnership policy. This asset disregard notice shall be provided to the policyholder or certificate holder no later than the time of policy or certificate delivery. This asset disregard notice shall also provide disclosure that the partnership status may be lost if the insured moves to a different state or modifies the coverage after issue, or if changes in federal or state laws occur.
(2)The notice to the consumer under subsection (1) of this section shall be developed by the director of the department of insurance.
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Legislative History
[(56-1306) 56-1206, added 2004, ch. 261, sec. 1, p. 738; am. and redesig. 2005, ch. 25, sec. 118, p. 130; am. 2007, ch. 253, sec. 3, p. 757.]
Nearby Sections
15
§ 56-1001
DEFINITIONS§ 56-1003
POWERS AND DUTIES OF THE DIRECTOR§ 56-1004A
CRIMINAL HISTORY AND BACKGROUND CHECKS§ 56-1005
BOARD — COMPOSITION — OFFICERS — COMPENSATION — POWERS — SUBPOENA — DEPOSITIONS — REVIEW — RULES§ 56-1006
TITLE SUPERSEDED§ 56-1007
COLLECTION OF FEES FOR SERVICES§ 56-1008
CRIMINAL VIOLATION — PENALTY§ 56-1009
INVESTIGATION — INSPECTION — RIGHT OF ENTRY — VIOLATION — ENFORCEMENT — PENALTY — INJUNCTIONS§ 56-1010
COMMENCEMENT OF CIVIL ENFORCEMENT ACTIONS — CRIMINAL ACTIONS AUTHORIZED — DUTIES OF ATTORNEY GENERAL§ 56-1036
LEGISLATIVE INTENT