2020 Proposed Charges

The Long-Term Care Insurance (E/B) Task Force of the Health Insurance and Managed Care (B) Committee and Financial Condition (E) Committee will:

1. Coordinate all aspects of the NAIC’s work regarding the long-term care insurance (LTCI) market. In addition to coordinating all current Health Insurance and Managed Care (B) Committee and Financial Condition (E) Committee projects, the Task Force should pursue the following general objectives:
   1. Evaluate the sufficiency of actuarial valuation standards.
   2. Evaluate the sufficiency of current financial reporting.
   3. Assess state activities regarding the regulatory considerations on rate increase requests on blocks and to identify common elements for achieving greater transparency and predictability.
   4. Consider product innovations and the development of potential state and federal solutions for stabilizing the LTCI market.

Provide periodic reports to the Health Insurance and Managed Care (B) Committee and the Financial Condition (E) Committee, as well as the Executive (EX) Committee, regarding key issues and progress toward the general objectives set forth above. Conduct meetings in regulator-to-regulator session, as appropriate.

2019 Charges

The Long-Term Care Insurance (E/B) Task Force of the Health Insurance and Managed Care (B) Committee and Financial Condition (E) Committee will:

1. Coordinate all aspects of the NAIC's work regarding the long-term care insurance (LTCI) market. In addition to coordinating all current Health Insurance and Managed Care (B) Committee and Financial Condition (E) Committee projects, the Task Force should pursue the following general objectives:

   1. Provide periodic reports to the Health Insurance and Managed Care (B) Committee and the Financial Condition (E) Committee, as well as the Executive (EX) Committee, regarding key issues and progress toward the general objectives set forth above. Conduct meetings in regulator-to-regulator session, as appropriate.

   2. Consider product innovations and the development of potential state and federal solutions for stabilizing the LTCI market. Complete by the 2019 Fall National Meeting.

   3. Assess state activities regarding the regulatory considerations on rate increase requests on blocks and to identify common elements for achieving greater transparency and predictability.

   4. Evaluate the sufficiency of current financial reporting. Complete by the 2019 Fall National Meeting.

   5. Evaluate the sufficiency of actuarial valuation standards. Complete by the 2019 Spring National Meeting.