If a long-term care insurance policy or certificate replaces another long-term care policy or certificate, the replacing insurer shall waive the time periods applicable to preexisting conditions and probationary periods in the new long-term care policy for similar benefits to the extent that similar exclusions have been satisfied under the original policy.

(Eff. 3/27/2022, Register 241)

Authority: AS 21.06.090, AS 21.53.030, AS 21.53.090