“The National Association of Insurance Commissioners has set up a Joint Long Term Care Insurance Task Force. The NAIC’s Health Insurance Committee will run the committee together with the NAIC’s Financial Condition Committee. The task force will start by looking into matters such as LTCI issuer solvency, state LTCI rate regulation procedures, regulation of short-term care insurance policies, and efforts to update the rules for the guaranty funds that protect policyholders against LTCI issuer defaults.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
They’re from the government and they’re here to help us.
Regulators Form Long-Term Care Insurer Solvency Team