Utah Statutes
§ 31A-22-2005 — Nonforfeiture benefits.
Utah § 31A-22-2005
JurisdictionUtah
Title 31AInsurance Code
Ch. 31A-22Contracts in Specific Lines
Part 31A-22-20Limited Long-term Care Insurance Act
This text of Utah § 31A-22-2005 (Nonforfeiture benefits.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Utah Code Ann. § 31A-22-2005 (2026).
Text
(1)(1)(a) A limited long-term care insurance policy may offer the option of purchasing a policy or certificate including a nonforfeiture benefit.
(1)(b) The offer of a nonforfeiture benefit may be in the form of a rider that is attached to the policy.
(1)(c) In the event the policy holder or certificate holder does not purchase a nonforfeiture benefit, the insurer shall provide a contingent benefit upon lapse that shall be available for a specified period of time following a substantial increase in premium rates.
(2)If an insurer issues a group limited long-term care insurance policy, the insurer shall:
(2)(a) make any offer of a nonforfeiture benefit to the group policyholder; and
(2)(b) make any offer to each proposed certificate holder.
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Legislative History
Enacted by Chapter 32, 2020 General Session
Nearby Sections
15
§ 31A-1-101
Short title.§ 31A-1-102
Purposes.§ 31A-1-103
Scope and applicability of title.§ 31A-1-104
Authorization to do insurance business.§ 31A-1-105
Presumption of jurisdiction.§ 31A-1-106
Residual unlicensed domestic insurers.§ 31A-1-107
Licensees under former Title 31.§ 31A-1-108
Corporations in the process of organizing.§ 31A-1-109
Name of licensee.§ 31A-1-110
Scope of a license.§ 31A-1-201
Construction.§ 31A-1-202
Effect of repeal of former provisions.§ 31A-1-203
Interpretive rules.§ 31A-1-205
Severability.§ 31A-1-301
Definitions.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 31A-22-2005, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/31A-22-2005.