Requirement to Deliver Shopper's Guide
Effective Oct 1, 2008Authorizing statute(s): 33-1-313, 33-22-1121, MCA; Implementing statute(s): 33-22-1101, 33-22-1102, 33-22-1103, 33-22-1107, 33-22-1108, 33-22-1111, 33-22-1112, 33-22-1113, 33-22-1114, 33-22-1115, 33-22-1116, 33-22-1117, 33-22-1119, 33-22-1120, 33-22-1121, MCAState of Montana
(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 of Insurance, shall be provided to all prospective applicants of a long-term care insurance policy or certificate.
- (a) In the case of producer solicitations, a producer 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 33-22-1111, MCA.
Authorizing statute(s): 33-1-313, 33-22-1121, MCA
Implementing statute(s): 33-22-1101, 33-22-1102, 33-22-1103, 33-22-1107, 33-22-1108, 33-22-1111, 33-22-1112, 33-22-1113, 33-22-1114, 33-22-1115, 33-22-1116, 33-22-1117, 33-22-1119, 33-22-1120, 33-22-1121, MCA
History: NEW, 1991 MAR p. 119, Eff. 2/1/91; AMD, 1998 MAR p. 3271, Eff. 12/18/98; AMD, 2008 MAR p. 615, Eff. 10/1/08.