Section 10295.12 - Agents able to describe differences between accelerated death benefits and long-term care insurance(a) Insurers shall ensure that agents offering, marketing, or selling accelerated death benefits on their behalf are able to describe the differences between benefits provided under an accelerated death benefit and benefits provided under long-term care insurance, as follows: (1) The difference between the benefits afforded to an insured through an accelerated death benefit and a long-term care insurance policy or rider.(2) The differences between benefit eligibility criteria.(3) Whether an elimination period applies to either an accelerated death benefit or long-term care insurance and a description of the elimination period.(4) The benefits under the accelerated death benefit or long-term care insurance if benefits are never needed.(5) The benefits under the accelerated death benefit or long-term insurance if benefits are needed.(6) Restrictions on benefit amounts.(7) Tax treatment of benefits.(8) Income and death benefit considerations.(b) Completion of California agent education or continuing education for long-term care insurance shall meet the requirements of this section.Added by Stats 2013 ch 345 (SB 281),s 7, eff. 1/1/2014.