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Code · BILL · 113th Congress · S. 1473 (Introduced in Senate) — To develop a model disclosure form to assist consumers in purchasing long-term care insurance. · Sec. 2

Sec. 2. Definitions

184 words·~1 min read·/bill/113/s/1473/is/section-2

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In this Act: The term long-term care insurance policy means— a qualified long-term care insurance contract (as defined in section 7702B(b) of the Internal Revenue Code of 1986); and a qualified long-term care insurance contract that covers an insured who is a resident of a State with a qualified State long-term care insurance partnership under clause
(iii)of section 1917(b)(1)(C) of the Social Security Act (42 U.S.C. 1396p(b)(1)(C)) or a long-term care insurance policy offered in connection with a State plan amendment described in clause
(iv)of such section. The term model Act and regulation means the long-term care insurance model regulation, and the long-term care insurance model Act, respectively, promulgated by the National Association of Insurance Commissioners (as adopted as of October 2000 and as of December 2006). The term NAIC means the National Association of Insurance Commissioners. The term Secretary means the Secretary of Health and Human Services. The term State means each of the 50 States, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, Guam, the Commonwealth of the Northern Mariana Islands, and American Samoa.
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