62S.31 REQUIREMENT TO DELIVER SHOPPER'S GUIDE. Subdivision 1. Shopper's guide. A long-term care insurance shopper's guide in the format developed by the National Association of Insurance Commissioners, or a guide developed or approved by the commissioner, shall be provided to all prospective applicants of a long-term care insurance policy or certificate: (1) in the case of agent solicitations, an agent must deliver the shopper's guide before the presentation of an application or enrollment form; and (2) in the case of direct response solicitations, the shopper's guide must be presented in conjunction with an application or enrollment form. Subd. 2. Exception. Subdivision 1 does not apply to life insurance policies or riders containing accelerated long-term care benefits. The policy summary required under section 62S.10 must be furnished with a life insurance policy or rider containing accelerated long-term care benefits. History: 1997 c 71 art 1 s 31
Minnesota Legal Code