The director shall adopt regulations regarding (1) the sale of long-term care insurance that provide minimum standards for (A) terms of renewability; (B) initial and subsequent conditions of eligibility; (C) nonduplication of coverage provisions; (D) coverage of dependents; (E) benefit triggers; (F) preexisting conditions and recurrent conditions; (G) termination of insurance, including incontestability periods; (H) continuation or conversion; (I) probationary periods, limitations, exceptions, reductions, and elimination periods; (J) requirements for replacement; (K) producer training, education, compensation, and testing; (L) marketing practices; (M) independent review of benefit determinations; (N) penalties and reporting practices; and (O) premium rates, including rate filing requirements; (2) standard definitions of long-term care insurance terms; (3) nonforfeiture or minimum value requirements; (4) consumer protection standards, including standards for full and fair disclosure setting out the manner and content of required disclosures; and (5) the standard format and content of the outline of coverage required under AS 21.53.050.
Alaska Legal Code