Note
See table at end of this Article for derivation of HRS sections from the National Association of Insurance Commissioners 1998 Model Act or Regulations.
Cross References
Long-term care financing, see chapter 346C.
PART I. LONG-TERM CARE INSURANCE MODEL ACT
§431:10H-111 Right to return; free look provision. Long-term care insurance applicants shall have the right to return the policy or certificate within thirty days of its delivery and to have the premium refunded if, after examination of the policy or certificate, the applicant is not satisfied for any reason. Long-term care insurance policies and certificates shall have a notice prominently printed on the first page or attached thereto stating in substance that the applicant shall have the right to return the policy or certificate within thirty days of its delivery and to have the premium refunded if, after examination of the policy or certificate, other than a certificate issued pursuant to a policy issued to a group defined in paragraph (1) of the definition of "group long-term care insurance" in section 431:10H-104, the applicant is not satisfied for any reason. This section shall also apply to a denial of an application for a long-term care contract. Any refund shall be made within thirty days of the return or denial. [L 1999, c 93, pt of §2; am L 2007, c 233, §7]
Section: Previous 431-10h-105 431-10h-106 431-10h-106.5 431-10h-107 431-10h-108 431-10h-109 431-10h-110 431-10h-111 431-10h-112 431-10h-113 431-10h-114 431-10h-115 431-10h-116 431-10h-116.5 431-10h-116.6 NextLast modified: October 27, 2016