Maine Revised Statutes Title 24-A Sec. 5073 – Extraterritorial jurisdiction; group long-term care insurance
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1. Groups other than employer, union, trustee and association groups. A group long-term care insurance policy may not be offered to a resident of this State under a group policy issued in another state to a group other than an employer group as described in section 2804, a labor union group as described in section 2805, a trustee group as described in section 2806 or an association group as described in section 2805?A unless the superintendent has made a determination that the requirements of this chapter have been met.
[PL 1999, c. 292, §2 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 5073
- Long-term care insurance policy: includes individual and group annuities and life insurance policies or riders that directly provide or that supplement coverage for long-term care insurance and a policy or rider that provides for payment of benefits based upon cognitive impairment or the loss of functional capacity. See Maine Revised Statutes Title 24-A Sec. 5072
- Trustee: A person or institution holding and administering property in trust.
2. Trustee groups. Group long-term care insurance may not be offered to an employee of an employer covered under a group policy issued in another state to a trustee group as described in section 2806 if a plurality of the employer’s employees are based in this State unless the superintendent has made a determination that the requirements of this chapter have been met.
[PL 1999, c. 292, §2 (NEW).]
3. Association groups. The following applies to group long-term care insurance coverage issued to association groups.
A. Group long-term care insurance coverage may not be offered to a resident of this State under a group policy issued in another state to an association group as described in section 2805?A, other than an association of employers, unless the superintendent has made a determination that the requirements of this chapter have been met. [PL 1999, c. 292, §2 (NEW).]
B. Group long-term care insurance may not be offered to an employee of an employer covered under a group policy issued in another state to an association of employers if a plurality of the employer’s employees are based in this State unless the superintendent has made a determination that the requirements of this chapter have been met. [PL 1999, c. 292, §2 (NEW).]
[PL 1999, c. 292, §2 (NEW).]
SECTION HISTORY
PL 1999, c. 292, §2 (NEW).