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2007 Laws of Maryland
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Ch. 29
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(b) The outline of coverage shall include:
(1) a description of the principal benefits and coverage provided in the
policy or contract;
(2) a statement of the principal exclusions, reductions, and limitations
in the policy or contract;
(3) a statement of the renewal provisions, including any reservation in
the policy or contract of a right to change the schedule of premiums;
(4) a statement as to whether the policy or contract is approved under
the [Maryland Partnership for Long-Term Care Program] qualified long-term
care insurance Partnership under Title 15, Subtitle 4 of the Health - General
Article;
(5) a statement that the outline of coverage is a summary of the policy
or contract issued or applied for and the policy or contract should be consulted to
determine the governing contractual provisions; and
(6) any expected premium increases or additional premiums to pay for
automatic or optional benefit increases, including a reasonable hypothetical or graphic
demonstration of the potential premiums that the applicant will need to pay at age 75
for benefit increases.
(c) The buyer's guide shall include information about buying a policy of
long-term care insurance, including a reference to the right of the buyer to cancel a
policy during the first 30 days after the policy is delivered.
(d) A carrier shall provide an applicant with a graphic comparison, over a
period of at least 20 years, of the benefit levels of a policy that increases benefits over
the policy or certificate period compared to the benefit levels of a policy that does not
increase benefits.
18-107.
A certificate that is issued under group long-term care insurance shall include:
(1) a description of the principal benefits and coverage provided in the
policy or contract;
(2) a statement of the principal exclusions, reductions, and limitations
of coverage in the policy or contract;
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- 796 -
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