MT | The Montana Commissioner of Securities and Insurance today issued two new advisory memoranda for insurance professionals. Click on the links below to read each memorandum in full.
- Advisory Memorandum Regarding Guaranteed Issue of Medicare Supplement Policies Upon Medicaid Disenrollment provides guidance on properly applying administrative rules for offering Medicaid supplement policies to residents whose eligibility may have been impacted by the recent federal public health emergency. (Issued 5/4/2023)
- Advisory Memorandum Inducing Termination of Death Benefits Through Endorsements Offering Time-Limited Enhanced Cash Surrender Values Not Available at Policy Issurance explains the rationale for no longer permitting this practice in the jurisdiction. (Issued 5/5/2023)