{"data":{"id":"us-mt/33-22-1116","jurisdiction":"us-mt","citation":"33-22-1116","heading":"Nonforfeiture benefits -- offer requirement.","body":"(1) Except as provided in subsection (3), a long-term care insurance policy may not be delivered or issued for delivery in this state unless the policyholder or certificate holder has been offered the option of purchasing a policy that includes a nonforfeiture benefit. The offer of a nonforfeiture benefit may be in the form of a rider that is attached to the policy.\n(2) If a policyholder or certificate holder declines the nonforfeiture benefit, the insurer shall provide a contingent benefit upon lapse that must be available for a specified period of time following a substantial increase in premium rates.\n(3) When a group long-term care insurance policy is issued, the offer required in subsection (1) must be made to the group policyholder. However, if the policy is issued as group long-term care insurance as defined in 33-22-1107(5)(d), other than to a continuing care retirement community or other similar entity, the offer must be made to each proposed certificate holder.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 22. DISABILITY INSURANCE","Part 11. Long-Term Care Insurance Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0220/part_0110/section_0160/0330-0220-0110-0160.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:47Z","sha256":"5301055ebc1f74650a0872c03dd9a295aabf5648fdb9df996893eb6b2677a7a8","source_id":"us-mt","stale":false,"prev":"us-mt/33-22-1115","next":"us-mt/33-22-1117"},"notice":"GroundRules: Original legal text. Not legal advice."}