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Rules Governing Long-Term Care Insurance | Midpage
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Virginia Administrative Code
Title 14
5
Chapter 200
Rules Governing Long-Term Care Insurance
10
Purpose.
30
Applicability and scope.
40
Definitions.
50
Policy definitions.
60
Policy practices and provisions.
65
Unintentional lapse.
70
Required disclosure provisions.
75
Required disclosure of rating practices to consumer.
77
Initial filing requirements.
80
Prohibition of post-claims underwriting.
90
Minimum standards for home health and community care benefits in long-term care insurance policies.
100
Requirement to offer inflation protection.
110
Requirements for application forms and replacement coverage.
120
Reporting requirements.
125
Annual rate reports.
130
Discretionary powers of commission.
140
Reserve standards.
150
Premium rate increases for policies issued before October 1, 2003.
153
Premium rate increases for policies issued on or after October 1, 2003, but prior to September 1, 2015.
154
Premium rate increases for policies issued after September 1, 2015.
155
Filing requirement.
160
Filing requirements for advertising.
170
Standards for marketing.
175
Suitability.
181
Availability of new services or providers.
183
Right to reduce coverage and lower premiums.
185
Nonforfeiture benefit requirement.
187
Standards for benefit triggers.
190
Prohibition against preexisting conditions and probationary periods in replacement policies or certificates.
195
Rate increase hearings.
200
Standard format outline of coverage.
201
Requirement to deliver shopper's guide.
205
State Long-Term Care Insurance Partnership Program.
210
Severability.
9998
Forms (14Vac5-200).