If a long-term care insurance policy or certificate replaces another long-term care policy or certificate, the replacing insurer shall waive any 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.

Authority: T.C.A. § 56-42-105. Administrative History: Original rule filed June 15, 2005; effective August 29, 2005.