- Executive (EX) Committee
- Climate and Resiliency (EX) Task Force
- Government Relations (EX) Leadership Council
- Long-Term Care Insurance (EX) Task Force
- Long-Term Care Insurance Multistate Rate Review (EX) Subgroup (disbanded)
- Special (EX) Committee on Race and Insurance
- Executive (EX) Committee
- Climate and Resiliency (EX) Task Force
- Government Relations (EX) Leadership Council
- Long-Term Care Insurance (EX) Task Force
- Long-Term Care Insurance Multistate Rate Review (EX) Subgroup (disbanded)
- Special (EX) Committee on Race and Insurance
2023 Adopted Charges
Recognizing the gravity of the threat posed by the current long-term care insurance (LTCI) environment both to consumers and our state-based system of insurance regulation, the mission of the Long-Term Care Insurance (EX) Task Force is to: 1) monitor and evaluate the LTCI rate review process; 2) monitor and evaluate options to help consumers manage the impact of rate increases; and 3) monitor work performed by other NAIC groups to review the financial solvency of long-term care (LTC) insurers.
The Long-Term Care Insurance (EX) Task Force will:
- Monitor and evaluate the progress of the multistate actuarial (MSA) rate review process as outlined in the Long-Term Care Insurance Multistate Rate Review Framework (MSA Framework) document, and make modification, as appropriate. Monitor state insurance department rate review actions subsequent to the implementation of the MSA Framework and MSA rate review recommendations.
- Monitor and evaluate options to help consumers manage the impact of rate increases, including an evaluation of the use and impact of previously adopted guidance for states regarding reduced benefit options (RBOs).
- Monitor the work performed by other NAIC solvency working groups, and assist in the timely multistate coordination and communication of the review of the financial condition of LTC insurers.
- Monitor the work performed by other NAIC committees, task forces, and working groups, as well as federal regulators, related to the LTCI industry.
Public Webex Meeting
Monday, March 13, 2023
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link
In lieu of meeting at the 2023 Spring National Meeting.
The Task Force will hold an open virtual meeting in lieu of meeting at the Spring National Meeting.
There are no education and training events at this time.
Contacts
Media Inquiries
(816) 783-8909
news@naic.org
Jeff Johnston
Managing Director, Financial Regulatory Affairs
816.783.8014
Jane Koenigsman
Sr. Manager, L/H Financial Analysis
816.783.8145
Please see the current Committee List for a complete list of committee members.