1. (1) A long-term care insurance Shopper's Guide in a form approved by the Director shall be provided to all prospective applicants of a long term care insurance policy, certificate or rider as provided in this rule.
2. (2) For the purpose of approving the form of a guide under this rule, the Director may consider the Shopper's Guide developed by the National Association of Insurance Commissioners, or any other guide, as a comparative standard.

3. (3) The Shopper's Guide shall be provided as follows:

   1. (a) In the case of insurance producer solicitations, an insurance producer must deliver the Shopper's Guide prior to the presentation of an application or enrollment form.
   2. (b) In the case of direct response solicitations, the Shopper's Guide must be presented in conjunction with any application or enrollment form.
4. (4) The requirement of a Shopper's Guide under this rule does not apply with respect to a life insurance policy or a rider containing accelerated long-term care benefits, but the insurer or producer shall furnish the policy summary required under OAR 836-052-0716.

Statutory/Other Authority

ORS 731, 742 & 743

Statutes/Other Implemented

ORS 743.655(1)(a)

History

ID 10-2007, f. 12-3-07, cert. ef. 1-1-08
Renumbered from 836-052-0610, ID 3-2005, f. & cert. ef. 3-1-05
ID 20-1990, f. 12-13-90, cert. ef. 1-1-91