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2002 SESSION

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HB 1125 Long-term care insurance.

Introduced by: L. Preston Bryant, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Long-term care insurance. Requires the State Corporation Commission to issue amended regulations that provide standards for initial filing requirements and premium rate schedule increases for long-term care insurance. Such standards shall be similar to standards set forth in model regulations developed by the NAIC. The regulations shall be effective no later than April 1, 2003.

SUMMARY AS PASSED HOUSE:

Long-term care insurance. Requires the State Corporation Commission to issue amended regulations that provide standards for initial filing requirements and premium rate schedule increases for long-term care insurance. Such standards shall be similar to standards set forth in model regulations developed by the NAIC. The regulations shall be effective no later than April 1, 2003.

SUMMARY AS INTRODUCED:

Long-term care insurance. Requires the State Corporation Commission to issue amended regulations that provide standards for initial filing requirements and premium rate schedule increases for long-term care insurance. Such standards shall be similar to standards set forth in model regulations developed by the NAIC. The regulations shall be effective no later than January 1, 2003.