“Long-Term Care Insurers May Have to Keep Their Policies: Regulators”

“Long-Term Care Insurers May Have to Keep Their Policies: Regulators,” by Allison Bell, ThinkAdvisor

 

Quote:

“State insurance regulators are trying to develop rules that insurers could use to transfer blocks of business to other entities with finality, without worries about whether responsibility for the claims will come back to haunt them. Many issuers of long-term care insurance (LTCI) would love to transfer responsibility for blocks of LTCI business to another entity.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Some relationships are hard to break.