{"data":{"id":"us-in/ic-27-8-12-14.5","jurisdiction":"us-in","citation":"IC 27-8-12-14.5","heading":"Policy summary; requirements","body":"Sec. 14.5. (a) A policy summary shall be delivered, at the time of policy delivery, for an individual life insurance policy that provides long term care benefits within the policy or by a rider.\n(b) The insurer shall deliver the policy summary upon the applicant's request when there is a direct response solicitation. If there is no request, the insurer shall deliver the policy summary not later than when the policy is delivered.\n(c) The policy summary must include the following:\n(1) An explanation of how long a long term care benefit interacts with other components of the policy, including deductions from a death benefit.\n(2) An illustration of the amount of a benefit, the length of a benefit, and the guaranteed lifetime benefits for each covered person.\n(3) Any exclusion, reduction, and limitation on benefits of long term care.\n(d) A policy summary required under this section must also include the following information if applicable:\n(1) A disclosure of any effect of exercising rights under the policy other than rights referred to in subsection (c).\n(2) A disclosure of any guarantee related to long term care costs of insurance charges.\n(3) Current and projected maximum lifetime benefits.","path":["TITLE 27. INSURANCE","ARTICLE 8. LIFE, ACCIDENT, AND HEALTH","Chapter 12. Long Term Care Insurance"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-8-12-14.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"81c31a5cab821a4b3fb16a58458e309f917748e99bcd1e893e875d47a95cb311","source_id":"us-in","stale":false,"prev":"us-in/ic-27-8-12-14","next":"us-in/ic-27-8-12-14.6"},"notice":"GroundRules: Original legal text. Not legal advice."}