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- Chapter 17b:27e. Purpose of Act On Long-Term Care Insurance
N.J.S. § 17B:27E-8 Conditions For Delivery, Issuance of Policy
| Library | New Jersey Permanent Statutes |
| Edition | 2023 |
| Currency | Current through L. 2023, c. 194. |
| Year | 2023 |
| Citation | N.J.S. § 17B:27E-8 |
a. Except as provided in subsection b. of this section, a long-term care insurance policy shall not be delivered or issued for delivery in this State unless the policyholder or certificate holder has been offered the option of purchasing a policy or certificate including a nonforfeiture benefit. The offer of a nonforfeiture benefit may be in the form of a rider that is attached to the policy. If the policyholder or certificate holder declines the nonforfeiture benefit, the ins...
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