Replacement Policy; Waiver of Time Periods Applicable to Preexisting Conditions and Probationary Periods.

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Sec. 3917.

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 for similar benefits in the new long-term care policy to the extent that similar exclusions have been satisfied under the original policy.

History: Add. 1992, Act 84, Imd. Eff. June 2, 1992
Popular Name: Act 218


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