KANSAS CITY, Mo. (July 8, 2020) — The National Association of Insurance Commissioners (NAIC) has released a request for proposal (RFP) to retain a legal consultant to research and report on existing state laws and regulations that could support a new regulatory framework authorizing insurers to separate policies from one another. This request for proposal is being conducted as part of the efforts by the NAIC’s Long-Term Care Insurance (EX) Task Force to develop a consistent national approach for reviewing long-term insurance rates that results in actuarially appropriate increases granted by states in a timely manner.
Additional information about this project is contained in the RFP's scope of work. The RFP is available on the NAIC’s website at www.naic.org. Responses to the RFP are due to the NAIC no later than August 7, 2020, with vendor selection expected to be made by October 2020.