Ala. Admin. Code r. 482-1-091-.18
Requirement To Deliver Shopper's Guide
Effective Jan 1, 2001New Rule: June 14, 1991; effective October 1, 1991. Revised: August 16, 2000; effective January 1, 2001. Filed for codification in the Alabama Administrative Code by the Department of Insurance on January 17, 2003, pursuant to the Code of Ala. 1975, §27-7-43.Alabama Department of Insurance
(1) A long-term care insurance shopper's guide in the format developed by the National Association of Insurance Commissioners, or a guide developed or approved by the Commissioner, shall be provided to all prospective applicants of a long-term care insurance policy or certificate.
- (a) In the case of agent solicitations, an agent must deliver the shopper's guide prior to the presentation of an application or enrollment form.
- (b) In the case of direct response solicitations, the shopper's guide must be presented in conjunction with any application or enrollment form.
- (2) Life insurance policies or riders containing accelerated long-term care benefits are not required to furnish the above-referenced guide, but shall furnish the policy summary required under Section 27-19-105, Code of Ala. 1975.
Author: Reyn Norman, Associate Counsel
Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-19-100, et seq.
History: New Rule: June 14, 1991; effective October 1, 1991. Revised: August 16, 2000; effective January 1, 2001. Filed for codification in the Alabama Administrative Code by the Department of Insurance on January 17, 2003, pursuant to the Code of Ala. 1975, §27-7-43.