HF 3283

SECOND ENGROSSMENT

Qualified long-term care insurance regulatory changes provided, and long-term care partnership program requirements modified.

ARTICLE 1 ¿ QUALIFIED LONG-TERM CARE INSURANCE REGULATORY CHANGES

Section 1: Limitation periods extension provided.
Sec. 2: Mandatory format expanded.
Sec. 3: Form requirements expanded.
Sec. 4: Contents clarified.
Sec. 5: Death of insured provision established.
Sec. 6: ¿Level premium¿ term usage specified.
Sec. 7: Authorized limitations and exclusions provided.
Sec. 8: Renewability provided.
Sec. 9: Required questions revised.
Sec. 10: Other health insurance policies regulated.
Sec. 11: Solicitation reguations modified.
Sec. 12: Direct response solicitations modified.
Sec. 13: Life insurance policies compliance required.
Sec. 14: Exchange for long-term care parnership policy regulated.
Sec. 15: Claim defined.
Sec. 16: Reporting requirements provided.
Sec. 17: Loss ratio modified.
Sec. 18-19: Requirements modified.
Sec. 20: Suitability of insurers regulations established.
Sec. 21: Producer training approval required.
Sec. 22: Effecive date.

ARTICLE 2 -- LONG-TERM CARE PARTNERSHIP PROGRAM

Section 1: Long-term care partnership program established.

AME
4/6/06