Any partnership-qualified long-term care insurance policy shall meet or exceed all of the following:

1. (1) The policy meets all the applicable requirements of this part and the requirements of Long-Term Care Insurance, 23 CAR pt. 84;
2. (2) The policy includes an inflation protection benefit as defined in 23 CAR § 125-103;
3. (3) The insured was a resident of Arkansas when coverage first became effective under the policy; and
4. (4) The policy is a qualified long-term care insurance policy as defined in Section 7702B(b) of the Internal Revenue Code of 1986 and was issued no earlier than January 1, 2008.

Codification Notes: Section 7702B(b) of the Internal Revenue Code of 1986 is codified at 26 U.S.C. § 7702B(b).