Florida Regulations 69O-157.019: Long-term Care Policies – Statements Required
Current as of: 2024 | Check for updates
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All long-term care contracts shall contain the following statements prominently displayed on the face page of the contract:
(1) The policy has been approved as a “”Long-Term Care Insurance Policy”” meeting the requirements of Florida law.
(2) Notice to Buyer: This policy may not cover all of the costs associated with long-term care which may be incurred by the buyer during the period of coverage. The buyer is advised to periodically review this policy in relation to the changes in the cost of long-term care.
Rulemaking Authority Florida Statutes § 624.308(1), 627.9407(1) FS. Law Implemented 624.307(1), 627.9407(1), (8) FS. History-New 5-17-89, Formerly 4-81.019, 4-157.019.
Terms Used In Florida Regulations 69O-157.019
- Contract: A legal written agreement that becomes binding when signed.
(2) Notice to Buyer: This policy may not cover all of the costs associated with long-term care which may be incurred by the buyer during the period of coverage. The buyer is advised to periodically review this policy in relation to the changes in the cost of long-term care.
Rulemaking Authority Florida Statutes § 624.308(1), 627.9407(1) FS. Law Implemented 624.307(1), 627.9407(1), (8) FS. History-New 5-17-89, Formerly 4-81.019, 4-157.019.