Qualified long Sample Clauses

Qualified long term care insurance contract (1) In general (A) the only insurance protection provided under such contract is coverage of qualified long-term care services, (B) such contract does not pay or ▇▇▇▇- ▇▇▇▇▇ expenses incurred for services or items to the extent that such expenses are ▇▇▇▇- bursable under title XVIII of the Social Se- curity Act or would be so reimbursable but for the application of a deductible or coin- surance amount, (C) such contract is guaranteed renewable, (D) such contract does not provide for a cash surrender value or other money that can be— (i) paid, assigned, or pledged as collat- eral for a loan, or (ii) borrowed, other than as provided in subparagraph (E) or paragraph (2)(C), (E) all refunds of premiums, and all policy- holder dividends or similar amounts, under such contract are to be applied as a reduc- tion in future premiums or to increase fu- ture benefits, and (F) such contract meets the requirements of subsection (g). (2) Special rules