Kan. Admin. Regs. § 40-4-37a - Long-term care insurance; renewal provisions; requirements
(a) A certificate
or individual policy delivered or issued for delivery shall not contain renewal
provisions less favorable to the insured than "guaranteed renewable" for life.
Any insurer may receive approval of another type of renewal provision if the
insurer demonstrates to the satisfaction of the commissioner that the approval
would be in recognition of the unique, developing and experimental nature of
long-term care insurance.
(b)
Individual long-term care insurance policies shall include a renewal provision
which complies with subsection (a) of this regulation. The provision shall:
(1) Be appropriately captioned;
(2) appear on the first page of the policy;
and
(3) clearly state the terms of
renewability.
Notes
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