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State Regulators May Form LTCI 'Rate Hike v. Reduced Benefits' Panel | ThinkAdvisor
Another New NAIC panel could look at state differences in LTCI policyholder guaranty fund protection.
The Long-Term Care Insurance Task Force is thinking about setting up an LTCI Reduced Benefit Options Subgroup.
The task force is part of the National Association of Insurance Commissioners (NAIC), which is a Kansas City, Missouri-based group for state insurance regulators.
The new task force subgroup would develop recommendations for the benefits reduction options insurers offer LTCI policyholders who are unable or unwilling to spend more on LTCI premiums, according to a draft proposal posted on the subgroup’s section of the NAIC’s website.
Another New NAIC panel could look at state differences in LTCI policyholder guaranty fund protection.
The Long-Term Care Insurance Task Force is thinking about setting up an LTCI Reduced Benefit Options Subgroup.
The task force is part of the National Association of Insurance Commissioners (NAIC), which is a Kansas City, Missouri-based group for state insurance regulators.
The new task force subgroup would develop recommendations for the benefits reduction options insurers offer LTCI policyholders who are unable or unwilling to spend more on LTCI premiums, according to a draft proposal posted on the subgroup’s section of the NAIC’s website.
