376.1103. Laws applicable, Medicare supplement laws not applicable--purpose--policies or riders must be in compliance. - Missouri Statutes

Laws applicable, Medicare supplement laws notapplicable--purpose--policies or riders must be in compliance.

376.1103. 1. The provisions of sections 376.1100 to 376.1130 shallapply to policies delivered or issued for delivery in this state on orafter August 28, 2002. Sections 376.1100 to 376.1130 are not intended tosupersede the obligations of entities subject to the provisions of sections376.1100 to 376.1130 to comply with the substance of other applicableinsurance laws insofar as they do not conflict with the provisions ofsections 376.1100 to 376.1130, except that laws and regulations designedand intended to apply to Medicare supplement insurance policies shall notbe applied to long-term care insurance.

2. The purposes of the provisions of sections 376.1100 to 376.1130are to promote the public interest, to promote the availability oflong-term care insurance policies, to protect applicants for long-term careinsurance, as defined, from unfair or deceptive sales or enrollmentpractices, to establish standards for long-term care insurance, tofacilitate public understanding and comparison of long-term care insurancepolicies, and to facilitate flexibility and innovation in the developmentof long-term care insurance coverage.

3. Any policy or rider advertised, marketed or offered as long-termcare or nursing home insurance shall comply with the provisions of sections376.1100 to 376.1130.

(L. 1990 S.B. 765 §§ 3, 8, A.L. 2002 H.B. 1568 merged with S.B. 1009)

*Transferred 2002; formerly 376.952