R590-220-12. Additional Procedures for Combination Policies or Endorsements and Riders Providing Life and Accident and Health Benefits

  A filer submitting a health and life combination policy or a health endorsement or rider to a life policy is advised to review Rule R590-226.

  (1) A combination filing is a policy, rider, or endorsement, which creates a product that provides both life and accident and health insurance benefits.

  (a) The two types of acceptable combination filings are:

  (i) an endorsement or rider; or

  (ii) an integrated policy.

  (b) Combination filings take considerable time to process, and will be processed by both the Health Section and the Life Section of the Health and Life Insurance Division.

  (2) A combination filing must be submitted separately to both the Health Section and Life Section of the Health and Life Insurance Division.

  (3)(a) For an integrated policy, the filing must be submitted to the appropriate division based on benefits provided in the base policy.

  (b) For an endorsement or rider, the filing must be submitted to the appropriate division based on benefits provided in the endorsement or rider.

  (4) The Filing Description must identify the filing as having a combination of insurance types, such as:

  a) whole life policy with a long-term care benefit rider; or

  (b) major medical health policy that includes a life insurance benefit.