iiprcltci3core

Subject Matter of Proposed Rule:  The Core Standards for Individual Long-Term Care Insurance Policies (the “Proposed Standards”) apply to individual long-term care insurance.  Any product advertised, marketed or offered as long-term care insurance shall be subject to these standards. Long-term care insurance shall provide benefits for one or more of the following: nursing home care, assisted living care or home health care and adult day care. Only those policies, riders, endorsements or amendments that provide all such benefits may be titled “long-term care insurance” without further clarification. Policies, riders, endorsements or amendments that provide less than all such benefits shall be titled appropriately to indicate to the owner the types of coverages available under the policy, and may be filed and approved under these standards.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Original Version: Core Standards for Individual Long-Term Care Insurance Policies

Link to Previous Versions of Core Standards for Individual Long-Term Care Insurance Policies:

Memos from Product Standards Committee before recommendation:

Link to Comments submitted by members and the public:

States who have opted out of the Uniform Standards:

  • Arizona
  • Connecticut
  • Hawaii
  • Indiana
  • Montana
  • New Jersey

This rule has been amended.

Click to Expand Amendments to Uniform Standards
Click to Expand 5-Year Review Amendments Adopted June 2017

Redlined Version of Adopted Standard: Core Standards for Individual Long-Term Care Insurance Policies

Date Adopted by Commission: June 26, 2017

Effective Date of Rule: October 10, 2017

Subject Matter of Proposed Rule: The purpose of these amendments is to revise the Operating Procedures and Uniform Standards effective between July 1, 2010 and December 31, 2010, in accordance with the Five-Year Commission Review of Rules required by §119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the Five-Year Review process limit the scope of review under §119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.” See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on September 1, 2016

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: November 7, 2016, at 1:30 pm ET / 12:30 pm CT via teleconference

Date Approved by Management Committee: June 26, 2017

Status of Proposed Rule (including Upcoming Meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until October 31, 2016. Written requests for a public hearing must be received no later than September 20, 2016.

Memos from Product Standards Committee:

Link to Comments Submitted by Members and the Public: