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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. 3

Sec. 3. NAIC study and report on State disclosure requirements for long-term care insurance

163 words·~1 min read·/bill/113/s/1473/is/section-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Secretary shall request the NAIC to carry out the activities described in subsection
(b)and issue the report described in subsection (c). The activities described in this subsection are the following: Review and describe disclosure requirements for long-term care insurance policies under the Model Act and regulation. Review and describe disclosure requirements for long-term care insurance policies under State laws. Review and describe differences in long-term care services, including with respect to providers of such services and the settings in which such services are provided among States and develop a standardized definition for long-term care services. Identify and describe key issues to consider in the development of a proposed model form for marketing long-term care insurance policies. The report described in this subsection is a NAIC White Paper that is issued not later than 1 year after the date of enactment of this Act and contains the results of the reviews conducted under subsection
(a)and the descriptions required under that subsection.
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