N.J. Admin. Code § 11:4-34.28 - Requirement to deliver shopper$DQ$s guide
(a) 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, shall be provided to all prospective applicants of a long-term
care insurance policy or certificate.
1. In
the case of agent solicitations, an agent must deliver the shopper's guide
prior to the presentation of an application or enrollment form.
2. In the case of direct response
solicitations, the shopper's guide must be presented in conjunction with any
application or enrollment form.
(b) 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
N.J.S.A. 17B:27E-6g.
Notes
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