054.00.13-11. Prohibition Against Post-Claims Underwriting.
AR ADC 054.00.13-11Arkansas Administrative Code
Ark. Admin. Code 054.00.13-11
054.00.13-11. Prohibition Against Post-Claims Underwriting.
Caution: If your answers on this application are incorrect or untrue, the [company] has the right to deny benefits or rescind your policy.
Caution: The issuance of this long-term care insurance [policy] [certificate] is based upon your responses to the questions on your application. A copy of your [application] [enrollment form] [is enclosed] [was retained by you when you applied]. If your answers are incorrect or untrue, the company has the right to deny benefits or rescind your policy. The best time to clear up any questions is now, before a claim arises! If, for any reason, any of your answers are incorrect, contact the company at this address: [insert address]
E. Every insurer or other entity selling or issuing long-term care insurance benefits shall maintain a record of all policy or certificate rescissions, both state and countrywide, except those that the insured voluntarily effectuated and shall annually furnish this information to the insurance Commissioner in the format prescribed by the National Association of Insurance Commissioners in Appendix A.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.13-11, AR ADC 054.00.13-11
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