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Title 3 . Commerce, Community, and Economic Development
Chapter 28 . Miscellaneous
Section 505. Appropriateness of recommended purchase and excessive insurance

3 AAC 28.505. Appropriateness of recommended purchase and excessive insurance

(a) In recommending the purchase or replacement of a medicare supplement policy or certificate, a licensee shall make reasonable efforts to determine the appropriateness of a recommended purchase or replacement.

(b) A sale of a medicare supplement policy or certificate that will provide an individual with more than one medicare supplement policy or certificate is prohibited.

(c) An issuer may not issue a medicare supplement policy or certificate to an individual enrolled in medicare Part C unless the effective date of the coverage is after the termination date of the individual's Part C coverage.

History: Eff. 8/8/90, Register 115; am 7/1/92, Register 122; am 4/21/99, Register 150; am 9/4/2005, Register 175

Authority: AS 21.06.090

AS 21.42.130

AS 21.89.060


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Last modified 7/05/2006