Compiling...

Long-Term Care Insurance (E/B) Task Force

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.

Education & Training Events

There are no education and training events at this time.

Related NAIC Publications

Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Dan Daveline 
Director, Financial Regulatory Services 
Phone: 816.783.8134 

Jolie H. Matthews 
Senior Health Policy Advisor and Counsel 
Phone: 202.471.3982 

Eric King 
Health Actuary 
816.783.8234

Please see the current Committee List for a complete list of committee members.

 

© 1991 - 2019 National Association of Insurance Commissioners. All rights reserved.
SM Insure U and Stop. Call. Confirm are registered service marks of the National Association of Insurance Commissioners.