R590-286-2. Purpose and Scope

(1) The purpose of this rule is to: (a) standardize and simplify the terms of coverage of a short-term limited duration health insurance contract; (b) facilitate public understanding and comparison of coverage; (c) prohibit use of a provision that is misleading or confusing in connection with the purchase of coverage or the settlement of a claim; (d) set minimum coverage requirements; (e) establish requirements for a producer that offers a short-term limited duration health insurance policy; and (f) provide for full disclosure in the sale of insurance. (2) This rule applies to a short-term limited duration health insurance contract.