Long Term Care Insurance and Medicare Supplement Insurance Minimum Standards (IC 27-8-12, 27-8-13)

What this document is

Indiana Code Title 27, Article 8 - Long Term Care Insurance and Medicare Supplement Insurance Minimum Standards (IC 27-8-12, 27-8-13) is a state statute published by iga.in.gov. It is one of the Indiana documents that insurance license exam questions are written from, including indiana life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Ind. Code tit. 27 § 27-8-12-11 (Establishment of New Waiting Period)

  “A long term care insurance policy may not: (1) contain a provision establishing a new waiting period if an existing policy is converted to or replaced by a new form issued by the same insurer, except in the case of an increase in benefits voluntarily selected by the insured individual or group policyholder;”

• Ind. Code tit. 27 § 27-8-12-14 (Outline of Coverage; Contents)

  “An insurance producer who solicits a long term care insurance policy shall deliver the outline of coverage before the presentation of an application or enrollment form.”

• Ind. Code tit. 27 § 27-8-12-10.6 (Conditions on Eligibility for Benefits; Restrictions)

  “A long term care insurance policy may not be delivered or issued for delivery in Indiana if the policy: (1) conditions eligibility for any benefits on a prior hospitalization requirement; (2) conditions eligibility for benefits provided in an institutional care setting on the receipt of a higher...”

• Ind. Code tit. 27 § 27-8-13-9 (Medicare Supplement Policies; Standards)

  “A Medicare supplement policy, contract, or certificate in force in Indiana may not contain benefits that duplicate benefits provided by Medicare. However, a change in Medicare coverage that becomes effective after a Medicare supplement policy, contract, or certificate is in force in Indiana and...”

• Ind. Code tit. 27 § 27-8-13-4 (Receipt for Materials Received by Soliciting Insurance Producer)

  “Following a Medicare supplement insurance solicitation, an insurance producer shall give the individual involved in the solicitation a receipt for materials received by the insurance producer as a result of the solicitation.”

• Ind. Code tit. 27 § 27-8-13-20 (Refund of unused premiums on death of the insured)

  “Sec. 20. (a) All Medicare supplement policies issued for delivery in Indiana after June 30, 1990, must provide for the refund of unused premiums upon the death of the insured during the contract period. (b) The amount of premium refund shall be prorated from the date following the date of death of...”

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More Indiana sources

• Indiana Code IC 27-4-1 - Unfair Competition; Unfair or Deceptive Acts and Practices (IC 27-4-1-1 to 27-4-1-19)State statute
• Indiana Code Title 27, Article 8, Chapter 5 - Accident and Sickness Insurance: Policy Provisions (IC 27-8-5, individual and general provisions)State statute
• Indiana Code Title 27, Article 1, Chapter 3.5 - Annual Audited Financial Reports (IC 27-1-3.5)State statute
• Indiana Code Title 27, Article 7 - Uninsured Motorist Coverage and Underinsured Motorist Coverage, Miscellaneous Motor Vehicle Insurance Provisions, and Cancellation of Automobile Insurance Policies (IC 27-7-5, 27-7-5.1, 27-7-6)State statute
• Indiana Code Title 27, Article 1 - Classification of Insurance, Admission of Foreign and Alien Companies to Transact Business in Indiana, and Additional Provisions Pertaining to Foreign and Alien Companies (IC 27-1-5, 27-1-17, 27-1-18)State statute
• Indiana Code Title 27 - Use of Credit Information in Personal Insurance and Virtual Claim Payments for Dental Care Services (IC 27-2-21, IC 27-4-10)State statute
• Indiana Code Title 35, Article 50 - Sentences: General Provisions, Sentences for Felonies, and Sentences for Misdemeanors (IC 35-50-1, 35-50-2, 35-50-3)State statute
• Indiana Code Title 27, Article 1 - Department of Insurance: Department Created, Incorporation by Reference, Application of Article and Definitions, General Powers and Duties of the Department, and Examinations (IC 27-1-1, 27-1-1.5, 27-1-2, 27-1-3, 27-1-3.1)State statute