Ohio § 3923.442
Full text of Ohio Ohio Revised Code § 3923.442, with citation guidance and answers to common questions.
§ 3923.442.
(A)(1) Except as provided in division (B) of this section, no insurer shall deliver or issue
for delivery a long-term care insurance policy or certificate in this state without
offering the policyholder or certificate holder the option of purchasing a nonforfeiture
benefit. (2) An insurer's offer of a nonforfeiture benefit pursuant to this section may be in
the form of a rider that is attached to the policy. (3) If the policyholder or certificate holder declines the nonforfeiture benefit offered
pursuant to this section, the insurer shall provide a contingent benefit upon lapse
that shall be available for a period of time specified in the policy or certificate
following a substantial increase in premium rates. (B)(1) For a group long-term care insurance policy, the insurer shall make the offer required
by division (A) of this section to the group policyholder. (2) For a group long-term care insurance policy as defined by division (D)(4) of section 3923.41 of the Revised Code , other than to a continuing care retirement community or other similar entity, the
insurer shall make the offer required by division (A) of this section to each proposed
certificate holder. (C) The superintendent of insurance may adopt rules specifying the type of nonforfeiture
benefits insurers may offer as part of long-term care insurance policies and certificates,
the standards for nonforfeiture benefits, and the rules regarding contingent benefit
upon lapse, including a determination of the specified period of time during which
a contingent benefit upon lapse will be available and the substantial premium rate
increase that triggers a contingent benefit upon lapse as described in division (A)
of this section.
Frequently Asked Questions About Ohio § 3923.442
What does Ohio Revised Code § 3923.442 cover?
Section 3923.442 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 3923.442?
A common citation format is "Ohio Revised Code § 3923.442" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 3923.442 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.