The Maryland Insurance Administration recently issued a bulletin requiring LTCi producers to advise potential purchasers of long-term care insurance about the availability and benefits of a Qualified State Long-Term Care Insurance Partnership (“Partnership”) policy. The law also requires producers to provide a disclosure statement about the Partnership to each applicant for long-term care insurance.
This disclosure has been added to the LTCi Maryland application packet, the e-app and sales professional access (SPA) and should be utilized for new partnership LTC sales.
To learn more about LTC Partnership Programs, click here.