Sec.38a-501-13. Required disclosure provisions

(a) Renewability. Individual long-term care insurance policies shall contain a renewability provision. Such provision shall be appropriately captioned, shall appear on the first page of the policy, and shall clearly state the duration of the term of coverage for which the policy is issued and for which it may be renewed.

(b) Riders and Endorsements. Except for riders or endorsements by which the insurer effectuates a request made in writing by the insured or exercises a specifically reserved right under a long-term care policy, all riders or endorsements added to a long-term care policy after date of issue or at reinstatement or renewal shall require a signed acceptance by the insured. After date of policy issue, any rider or endorsement which increases benefits or coverage with a concomitant increase in premium during the policy term shall be agreed to in writing signed by the insured, except if the increased benefits or coverage is required by law. Where a separate additional premium is charged for benefits provided in connection with riders or endorsements, such premium charge shall be set forth in the policy, rider or endorsement.

(c) Limitations. If a long-term care insurance policy contains any limitation with respect to pre-existing conditions, such limitation shall appear as a separate paragraph of the policy and shall be labeled "PRE-EXISTING CONDITIONS LIMITATION."

(d) Other Limitations or Conditions on Eligibility for Benefits. A long-term care insurance policy shall set forth a description of any limitations or conditions for eligibility, including any required number of days of confinement, in a separate paragraph of the policy and shall label such paragraph "Limitations or Conditions on Eligibility for Benefits."

(Effective September 30, 1994)