HRS §431:10H-211
Renewal and premium change rules for long-term care insurance
Long-term care insurance policies must have a renewal clause on the first page that explains how long coverage lasts and if it can be renewed. If the insurer can change premiums, the policy must say so. Policies where only the policyholder can cancel are exempt from the renewal clause.
The statute, as written — Disclosure; renewability
(a) Individual long-term care insurance policies shall contain a renewability provision. The provision shall be appropriately captioned, shall appear on the first page of the policy, and shall clearly state the duration, where limited, of renewability and the duration of the term of coverage for which the policy is issued and for which it may be renewed. This provision shall not apply to policies that do not contain a nonrenewability provision, and under which the right to nonrenew is reserved solely to the policyholder. (b) A long-term care insurance policy or certificate, other than one where the insurer does not have the right to change the premium, shall include a statement that premium rates may change.
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