Section 190. Prohibition against preexisting conditions and probationary periods in replacement policies or certificates

Latest version.

If a long-term care insurance policy or certificate replaces another long-term care policy or certificate, the replacing insurer shall waive any time periods applicable to preexisting conditions and probationary periods in the new long-term care policy for similar benefits to the extent that similar exclusions have been satisfied under the original policy.

Historical Notes

Derived from Regulation 40, Case No. INS910239, § 20, eff. January 1, 1992.

Statutory Authority

§§ 38.2-223 and 38.2-5200 through 38.2-5208 of the Code of Virginia.

                    
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