(215 ILCS 5/351A-3) (from Ch. 73, par. 963A-3)
Sec. 351A-3.
Disclosures.
The Director may adopt rules that include
standards for full and fair disclosure setting forth the manner, content,
and required disclosures for the sale of long-term care insurance policies,
terms of renewability, initial and subsequent conditions of eligibility,
nonduplication of coverage provisions, coverage of dependents, preexisting
conditions, termination of insurance, continuation or conversion,
probationary periods, limitations, exceptions, reductions, elimination
periods, requirements for replacement, recurrent conditions, and
definitions of terms.
(Source: P.A. 85-1172; 85-1174; 85-1440.)
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