Weekly Tip: Extended Comment Deadline

 

Weekly Tips

Extended Comment Deadline

8/20/2015

This is an update to the Weekly Tip issued on July 1st about the individual Long-Term Care Insurance Uniform Standards. The Product Standards Committee has recently announced that the comment deadline has been extended for Phase 6 of the five-year review noticed on July 1st.  Comments are now due on October 15th and not August 31st as noticed out. All comments may be submitted electronically to comments@insurancecompact.org or by mailing to IIPRC 444 North Capitol Street, NW, Suite 701 Washington DC 20001.

Phase 6 of the five-year review pertains to the individual Long-Term Care Insurance Uniform Standards that were effective December 1st, 2010.  The Product Standards Committee is soliciting comments on the need for continuation, repeal or amendment of the individual Long-Term Care Insurance Uniform Standards. Comments in favor of repeal or amendment should describe how circumstances or underlying assumptions have changed since the last time the rule was adopted or amended.  More information regarding these Uniform Standards and Phase 6 may be found on the Docket page of the website, specifically under “5-Year Review of Uniform Standards, Operating Procedures & Rules” “+ Uniform Standards”. 

For more information on Phase 6 of the five-year review, please contact the Insurance Compact office.