Section 2012.124  Prohibition Against Preexisting Conditions and Probationary Periods in Replacement Policies or Certificates

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

(Source:  Section 2012.126 renumbered to Section 2012.124 and amended at 32 Ill. Reg. 7600, effective May 5, 2008)