11 NCAC 12 .1019 REPLACEMENT POLICIES
If a policy replaces another policy, the replacing insurer shall waive any time periods applicable to pre‑existing conditions and probationary periods in the new policy for similar benefits to the extent that similar exclusions have been satisfied under the original policy.
History Note: Authority G.S. 58‑2‑40(1); 58‑55‑30(a);
Eff. December 1, 1992;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. May 1, 2018.