SECTION 3.3802. Purpose

The purpose of this subchapter is to implement the Insurance Code Chapter 1651:

(1) to promote the public interest;

(2) to promote the availability of long-term care insurance coverage;

(3) to protect applicants for long-term care insurance, as defined, from unfair or deceptive sales or enrollment practices;

(4) to facilitate public understanding and comparison of long-term care insurance coverages;

(5) to facilitate flexibility and innovation in the development of long-term care insurance;

(6) to allow the sale of long-term care insurance contracts which will qualify insureds, under certain conditions, for favorable tax treatment under federal law; and

(7) to adopt, in consultation with the Texas Health and Human Services Commission, minimum standards for a long-term care benefit plan that may qualify as an approved plan under the long-term care partnership program.

Source Note: The provisions of this §3.3802 adopted to be effective February 15, 1990, 15 TexReg 544; amended to be effective July 20, 1992, 17 TexReg 4769; amended to be effective May 8, 1997, 22 TexReg 3786; amended to be effective February 2, 2009, 34 TexReg 599