58-17A-3.1 Preexisting conditions provision prohibited in replacement policy--Exception.
Preexisting conditions provision prohibited in replacement policy--Exception.
A policy or certificate of insurance providing medicare supplement benefits which is sold to a
consumer to replace an existing, in-force medicare supplement policy may not contain any provision
limiting payment of benefits due to preexisting conditions of the insured except, if there is any time
period remaining relating to the exclusion of coverage for preexisting conditions as specified in the
underlying policy, that remaining waiting period for coverage of preexisting conditions shall apply
to the new policy unless the policy otherwise provides a lesser waiting period. The waiver applies
to all time periods applicable to preexisting conditions, waiting periods, elimination periods, and
probationary periods in the new medicare supplement.
Source: SL 1989, ch 432, § 1; SL 1997, ch 291, § 2.