KRS 304.14-650: Definition for KRS 304.14-650 to 304.14-675.

As used in KRS 304.14 -650 to 304.14-675, "short-term nursing home insurance policies"

means any insurance policy or rider advertised, marketed, offered, or designed to provide

coverage for less than twelve (12) consecutive months for each covered person on an

expense-incurred, indemnity, prepaid, or other basis for one (1) or more necessary or

medically necessary diagnostic, preventative, therapeutic, rehabilitative, maintenance, or

personal care services, provided in a setting other than an acute care unit of a hospital

unless the hospital or unit is licensed or certified to provide services in a skilled nursing

facility, extended care facility, intermediate care facility, convalescent nursing home,

personal care facility, home health care agency, adult day care facility, and assisted living

facility. This term shall also include a policy or rider that provides for payment of benefits

based upon cognitive impairment or loss of functional capacity. Short -term nursing home

insurance policies may be issued by i nsurers, fraternal benefit societies, nonprofit

hospitals, medical-surgical, dental, and health services corporations, health maintenance

organizations, or any similar organization to the extent they are otherwise authorized to

issued life or health insura nce. Short -term nursing home insurance policies shall not

include any insurance policy which is offered primarily to provide basic Medicare

supplement coverage, basic hospital expense coverage, basic medical -surgical expense

coverage, hospital confinement indemnity, major medical expense coverage, disability

income or related-asset protection coverage, accident only coverage, specified disease or

specified accident coverage.