Sec. 2.1. (a) For purposes of this chapter:
(1) a policy or contract issued on a blanket basis is a group policy or group contract;
(2) each individual insured under a policy or contract issued on a blanket basis is a certificate holder under the policy or contract; and
(3) a policy or contract issued on a franchise plan to members of a qualified group is a nongroup policy or nongroup contract.
(b) For purposes of this chapter, a benefit plan may have only one (1) plan sponsor.
(c) For purposes of this chapter, an individual who, on the applicable coverage date:
(1) is a citizen of the United States; and
(2) resides in a:
(A) foreign country; or
(B) United States possession, territory, or protectorate;
that does not have an association similar to the association created by this chapter;
is considered to be a resident of the state of domicile of the insurer that issued the policies or contracts.
(d) For purposes of this chapter, benefits provided under a long term care insurance rider to:
(1) a life insurance policy; or
(2) an annuity contract;
are considered to be the same kind of benefits as the benefits under the life insurance policy or annuity contract to which the rider benefits relate.
As added by P.L.193-2006, SEC.10. Amended by P.L.276-2013, SEC.32; P.L.208-2018, SEC.13.