§ 27-8-12-1 “Applicant” defined
§ 27-8-12-2 “Certificate” defined
§ 27-8-12-3 “Certificate holder” defined
§ 27-8-12-4 “Insurance policy” defined
§ 27-8-12-4.5 “Long term care facility” defined
§ 27-8-12-5 “Long term care insurance policy” defined
§ 27-8-12-6 Compliance with statutory requirements
§ 27-8-12-7 Policy disclosure standards; marketing practices; continuing education; penalties; reporting practices; rules
§ 27-8-12-7.1 Qualification of long term care policies; rules
§ 27-8-12-8 Loss ratio standards rule
§ 27-8-12-9 Termination of policy on grounds of age or deteriorated health
§ 27-8-12-10 “Preexisting condition” defined; exclusion of coverage; limitations
§ 27-8-12-10.5 Loss or confinement resulting from a preexisting condition; exclusion of coverage; limitation period; rules
§ 27-8-12-10.6 Conditions on eligibility for benefits; restrictions
§ 27-8-12-11 Establishment of new waiting period
§ 27-8-12-12 No obligation return period; notice
§ 27-8-12-13 Direct response solicitation issued policies; no obligation return period; notice
§ 27-8-12-14 Outline of coverage; contents
§ 27-8-12-14.5 Policy summary; requirements
§ 27-8-12-14.6 Benefits funded through life insurance by acceleration of death benefits; benefit payment status report; contents
§ 27-8-12-15 Group policy certificate; contents
§ 27-8-12-16 Application of general insurance law
§ 27-8-12-17 Group policies issued in another state; requirements
§ 27-8-12-18 Insurance producer commissions
§ 27-8-12-19 Violations; civil penalty; amount
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Terms Used In Indiana Code > Title 27 > Article 8 > Chapter 12 - Long Term Care Insurance

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • applicant: means :

    Indiana Code 27-8-12-1

  • certificate: means a document issued to a member of the group covered under a group insurance policy, which policy has been delivered or issued for delivery in Indiana, to signify that the individual named in the certificate is covered under the policy. See Indiana Code 27-8-12-2
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • insurance policy: means any policy, contract, subscriber agreement, rider, or endorsement delivered or issued for delivery in Indiana by an insurer, a fraternal benefit society, a nonprofit corporation, a health maintenance organization (as defined in IC 27-13-1-19), a limited service health maintenance organization (as defined in IC 27-13-34-4), a preferred provider arrangement, or any other organization. See Indiana Code 27-8-12-4
  • long term care facility: has the meaning set forth in Indiana Code 27-8-12-4.5
  • long term care insurance policy: means an insurance policy providing coverage for at least twelve (12) consecutive months for each covered person on an expense incurred, indemnity, prepaid, or other basis for one (1) or more necessary diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services provided in a setting other than an acute care wing of a hospital. See Indiana Code 27-8-12-5
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5