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054.00.94-7. Producer Requirements.

AR ADC 054.00.94-7Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 94. Long-Term Care Insurance Partnership Program
Ark. Admin. Code 054.00.94-7
054.00.94-7. Producer Requirements.
A. Every producer shall have completed the training required by Rule 13 prior to soliciting PQLTC policies. Proof of such training and demonstration of evidence of an understanding of such policies and how they relate to other public and private coverage of long-term care must be provided to each insurer for which the producer solicits PQLTC policies.
B. An issuer or its producer, soliciting or offering to sell a policy that is intended to qualify as a PQLTC policy, shall provide to each prospective applicant a “Solicitation Disclosure Form”, attached as Appendix A, outlining the requirements and benefits of a PQLTC policy. A similar notice may be used for this purpose if filed and approved by the Arkansas Insurance Commissioner. The Solicitation Disclosure Form shall be provided with the required Outline of Coverage pursuant to Rule 13 of the Arkansas Insurance Department.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.94-7, AR ADC 054.00.94-7
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