Montana § 33-22-1114 Prohibited Practices And Policy Provisions

Montana Statutes

§ 33-22-1114 — Prohibited Practices And Policy Provisions

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 22 DISABILITY INSURANCE·Part 11 Long-Term Care Insurance Act

33-22-1114 . Prohibited practices and policy provisions.

(1)An insurance company may not issue a refund to a person other than the owner of the policy or certificate.

(2)A long-term care insurance policy may not:

(a)be canceled, nonrenewed, or otherwise terminated on any grounds other than the insured's or certificate holder's failure to pay the premium;

(b)contain a provision establishing a new waiting period if existing coverage is converted to or replaced by a new or other form within the same company, except with respect to an increase in benefits voluntarily selected by the insured individual or group policyholder; or

(c)provide coverage for only skilled nursing care or provide substantially more coverage for skilled nursing care in a facility than coverage for lower levels of ca

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33-22-1114 . Prohibited practices and policy provisions. (1) An insurance company may not issue a refund to a person other than the owner of the policy or certificate.
(2) A long-term care insurance policy may not:
(a) be canceled, nonrenewed, or otherwise terminated on any grounds other than the insured's or certificate holder's failure to pay the premium;
(b) contain a provision establishing a new waiting period if existing coverage is converted to or replaced by a new or other form within the same company, except with respect to an increase in benefits voluntarily selected by the insured individual or group policyholder; or
(c) provide coverage for only skilled nursing care or provide substantially more coverage for skilled nursing care in a facility than coverage for lower levels of care.

Montana § 33-22-1114 (Prohibited Practices And Policy Provisions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.