431:10-110

Insurance Code

[§431:10H-110] Loss ratio standards; factors; commissioner approval. The commissioner may adopt rules establishing loss ratio standards for long-term care insurance policies; provided that a specific reference to long-term care insurance policies is contained in the rule. [L 1999, c 93, pt of §2]lowing reinstatement as the policy provides with respect to contestability after original issuance. [L 1987, c 347, pt of §2], c 347, pt of §2; am L Sp 1993, c 4, §2; am L 1997, c 251, §21; am L 2001, c 216, §18]

Cross References

Joint underwriting plan, see §431:10C-401, et seq.ransaction of an insurance business. A limited license issued under section 431:9A-107.5 shall be required for such acts. A producer’s license shall not be required.

© A group creditor policy issued by an admitted insurer to a creditor on which the entire premium is paid by the creditor wholly from the creditor’s funds shall be considered a seller-purchaser relationship and not a principal-agent relationship. Notwithstanding subsection (a), a license shall not be required for the issuance of certificates of insurance under group creditor policy that is subject to this subsection. [L 1987, c 347, pt of §2; am L 2001, c 216, §17; am L 2002, c 155, §68]