62S.31 REQUIREMENT TO DELIVER SHOPPER'S GUIDE.
Subdivision 1.
Shopper's guide. A long-term care insurance shopper's guide in the format developed by the National Association of Insurance Commissioners,
or a guide developed or approved by the commissioner, shall be provided to all prospective applicants of a long-term care
insurance policy or certificate:(1) in the case of agent solicitations, an agent must deliver the shopper's guide before the presentation of an application
or enrollment form; and(2) in the case of direct response solicitations, the shopper's guide must be presented in conjunction with an application
or enrollment form.
Subd. 2.
Exception. Subdivision 1 does not apply to life insurance policies or riders containing accelerated long-term care benefits. The policy
summary required under section
62S.10 must be furnished with a life insurance policy or rider containing accelerated long-term care benefits.
History: 1997 c 71 art 1 s 31