Minn. Stat. § 62S.312
This is the official text of Minn. Stat. § 62S.312, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 62S.312 CONSUMER PROTECTION STANDARDS FOR LONG-TERM CARE PARTNERSHIP POLICIES.
Official statutory text
To qualify as a long-term care partnership policy under this chapter, long-term care insurance policies must meet the requirements for being tax qualified as defined in section 7702B(b) of the Internal Revenue Code and meet certain consumer protection requirements in section 6021(a)(1)(B)(5)(A) of the Deficit Reduction Act of 2005, Public Law 109-171, which are taken from the National Association of Insurance Commissioners (NAIC) Model Act and Regulation of 2000. Insurance carriers must certify for each policy form to be included in the long-term care partnership that the form complies with the requirements of the NAIC Model Act and Regulation of 2000 as implemented in sections 62S.05 to 62S.11 ; 62S.13 to 62S.18 ; 62S.19 ; 62S.20, subdivisions 1 to 5; 62S.21 ; 62S.22 ; 62S.24 ; 62S.25 ; 62S.266 ; 62S.28 ; 62S.29 ; 62S.30 ; and 62S.31 .
Status: in_force · Read it on the official government site
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