Indiana § 27-8-12-11 Establishment of new waiting period

Indiana Statutes

§ 27-8-12-11 — Establishment of new waiting period

Indiana § 27-8-12-11

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 12Long Term Care Insurance

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Bluebook

Ind. Code § 27-8-12-11 (2026).

Text

(a)A long term care insurance policy may not:

(1)contain a provision establishing a new waiting period if an existing policy is converted to or replaced by a new form issued by the same insurer, except in the case of an increase in benefits voluntarily selected by the insured individual or group policyholder;

(2)be canceled, nonrenewed, or otherwise terminated on the grounds of age or the deterioration of the mental or physical health of the insured individual or certificate holder;

(3)provide coverage for skilled nursing care only; or

(4)provide significantly more coverage for skilled care than coverage for a lower level of care.

(b)Subsection (a) does not prohibit an insurer from voluntarily waiving any authorized waiting period.

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(a) A long term care insurance policy may
not:
(1) contain a provision establishing a new waiting period if an
existing policy is converted to or replaced by a new form issued
by the same insurer, except in the case of an increase in benefits
voluntarily selected by the insured individual or group
policyholder;
(2) be canceled, nonrenewed, or otherwise terminated on the
grounds of age or the deterioration of the mental or physical
health of the insured individual or certificate holder;
(3) provide coverage for skilled nursing care only; or
(4) provide significantly more coverage for skilled care than
coverage for a lower level of care.
(b) Subsection (a) does not prohibit an insurer from voluntarily
waiving any authorized waiting period.