Maine § 24-A §5051-B Alternative policies

Maine Statutes

§ 24-A §5051-B — Alternative policies

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 68 NURSING HOME CARE AND LONG-TERM CARE INSURANCE POLICIES

1.Innovative long-term care products permitted. Notwithstanding section 5051‑A, an insurer, organization or plan may offer a long-term care policy, within the meaning of section 5051, subsection 1, which does not meet one or more of the requirements of section 5051‑A if the Superintendent of Insurance finds that:

2.Qualifications for tax incentives. If the superintendent finds that a policy meets the criteria of subsection 1, the superintendent, in determining whether to certify the policy for tax incentives under section 5054, shall consider the policy to comply with each of the requirements of section 5051‑A.

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1.
Innovative long-term care products permitted.
Notwithstanding section 5051‑A, an insurer, organization or plan may offer a long-term care policy, within the meaning of section 5051, subsection 1, which does not meet one or more of the requirements of section 5051‑A if the Superintendent of Insurance finds that:
2.
Qualifications for tax incentives.
If the superintendent finds that a policy meets the criteria of subsection 1, the superintendent, in determining whether to certify the policy for tax incentives under section 5054, shall consider the policy to comply with each of the requirements of section 5051‑A.

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