Section 3.28.505. Appropriateness of recommended purchase and excessive insurance.

	(a)  In recommending the purchase or replacement of a medicare supplement policy or certificate, a licensee shall make reasonable efforts to determine the appropriateness of a recommended purchase or replacement.  
	(b)  A sale of a medicare supplement policy or certificate that will provide an individual with more than one medicare supplement policy or certificate is prohibited.  
	(c)  An issuer may not issue a medicare supplement policy or certificate to an individual enrolled in medicare Part C unless the effective date of the coverage is after the termination date of the individual's Part C coverage.  

Authorities

21.06.090;21.42.130;21.96.060;01.05.031;21.89.060;44.62.125

Notes

Authority

AS 21.06.090 AS 21.42.130 AS 21.96.060 Editor's note: In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.89.060 as AS 21.96.060. As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 3 AAC 28.505, so that the citation to former AS 21.89.060 now refers to the renumbered statute, AS 21.96.060.

History

Eff. 8/8/90, Register 115; am 7/1/92, Register 122; am 4/21/99, Register 150; am 9/4/2005, Register 175

References

3.28.505