Not exact matches
j. your involuntary
termination of employment or layoff, which occurs more than 15 days
after your effective date of
coverage and was not under your control.
Most LTC policies have a
termination of
coverage provision (sometimes called a «Incontestable Clause»), which allows the carrier - for up to two years
after the effective date of
coverage - to terminate your policy because of erroneous information or misrepresentations contained in an application.
Expenses incurred for an Accident or Sickness
after the Benefit Period shown in the Schedule of Benefits or incurred
after the
termination date of
coverage;
Comment: Commenters, mainly issuers, opposed allowing
termination of
coverage after the
coverage effective date, citing an increase in administrative costs and a potential to create a less healthy risk pool; many consumer advocates and the NAIC supported the free - look proposal.
If the creditor is disclosing the automatic
termination or the absence of mortgage insurance or any functional equivalent under applicable law or the absence of mortgage insurance or any functional equivalent
after coverage has terminated, the creditor discloses the mortgage insurance premium as «-.»
As adopted, therefore, comment 37 (c)(2)(ii)-1 provides that mortgage insurance premiums should be reflected on the disclosure required by § 1026.37 (c) even if no escrow account is established for the payment of mortgage insurance premiums, that if the consumer is not required to purchase mortgage insurance the creditor discloses the mortgage insurance premium as «0,» and that if the creditor is disclosing the automatic
termination or the absence of mortgage insurance
after coverage has terminated, the creditor discloses the mortgage insurance premium as «-- .»