Ohio Code § 3923.442
Ohio Code § 3923.442. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3923.442
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 3923.442?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 3923.442 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 3923.442 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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