§ 26.1-45-05.2 — Nursing home policy - Guaranteed renewable for life - Limitation on pre-existing conditions

North Dakota § 26.1-45-05.2

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-45: Long-Term Care Insurance

Text

pre-existing conditions.
Any long-term care insurance policy or certificate providing benefits for confinement to a
nursing home must be guaranteed renewable for life. For purposes of this section, "guaranteed
renewable for life" means the insured has the right to continue the policy in force for life subject
to the policy's terms by the timely payment of premiums during which the insurer has no right to
make unilaterally any change in any provision of the policy while the policy is in force. The
insurer may, however, in accordance with the provisions of the policy, make changes in premium
rates as to all insureds who are placed in the same class for purposes of rate determination in
the process of issuance of the policy or making it guaranteed renewable.
A policy or certificate of insurance providing benefits for confinement to a nursing home
which is sold to a consumer in addition to another nursing home policy or which is sold to a
consumer to replace such a policy may not contain any provision limiting payment of benefits
due to pre-existing conditions of the insured except if there is any time period remaining relating
to the exclusion of coverage for pre-existing conditions as specified in the underlying policy that
the remaining waiting period for coverage of pre-existing conditions shall apply to the new policy
unless the policy otherwise provides.