58-17B-5.1 Replacement of policy--Waiver of time periods.
Replacement of policy--Waiver of time periods.
If a long-term care policy
replaces another long-term care policy issued by the company or by an affiliated company, the
insurer shall waive any time period applicable to preexisting conditions, waiting periods, elimination
periods, and probationary periods in the new long-term care policy for similar benefits to the extent
such time was spent under the original policy.
Source: SL 1990, ch 398, § 2.