Answered

Insurers marketing LTC insurance to MI residents must establish procedures to ensure:

A. Provide the insured with a separate buyer's notice.
B. Excessive insurance is not sold or issued to an insured.
C. Comparison of policies is at least 75% accurate.
D. All of the above.



Answer :

GinnyAnswer

Final answer:

Insurers marketing LTC insurance to MI residents must ensure transparency, prevent over-insurance, and provide accurate policy comparisons.


Explanation:

The correct answer is D) All of the above. Insurers marketing Long-Term Care (LTC) insurance to Michigan residents must establish procedures to ensure various factors:

  1. Providing the insured with a separate buyer's notice helps ensure transparency and understanding of the policy terms.
  2. Preventing the sale of excessive insurance to an insured helps protect consumers from being over-insured.
  3. Ensuring that the comparison of policies is at least 75% accurate aids consumers in making informed decisions.

Learn more about LTC insurance marketing regulations here:

https://brainly.com/question/38566778


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