Carol Liu
- Democratic
Author
Existing law provides for the regulation of long-term care insurance by the Insurance Commissioner. Existing law prohibits an insurer from delivering or issuing for delivery a long-term care policy unless the insurer offers at the time of application an option to purchase a shortened benefit period nonforfeiture benefit. Under existing law, the commissioner may require the administration by an insurer of the contingent benefit upon lapse as a condition of approval or acknowledgment of a rate adjustment for a block of business for which the contingent benefit upon lapse is not otherwise available. Under existing law, the insurer is required to notify policyholders and certificate holders of the contingent benefit upon lapse when required by the commissioner, as specified. This bill, when a shortened benefit period nonforfeiture benefit or contingent benefit upon lapse is conferred, would require the insurer to annually notify the policyholder or certificate holder and, if elected, at least one individual designated by the policyholder or certificate holder of (a) the availability of the shortened benefit period nonforfeiture benefit or contingent benefit upon lapse, (b) the dollar amount of the shortened benefit period nonforfeiture benefit or contingent benefit upon lapse calculated up to 60 days prior to the date of the annual notice, and (c) the name, address, and telephone number of the insurer for questions about the benefit. The bill would also require the insurer to mail to and receive from each policyholder or certificate holder a form that allows the policyholder or certificate holder to submit one of the following: (1) a written designation of the name, address, and telephone number of at least one person, in addition to the policyholder or certificate holder who is to receive the annual notice described above, (2) a confirmation that the policyholder or certificate holder designates the same person previously designated to receive that notice, or (3) a waiver signed and dated by the policyholder or certificate holder electing not to designate additional persons to receive the annual notice.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 544, Statutes of 2015.
Enrolled and presented to the Governor at 10 a.m.
Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2378.) Ordered to engrossing and enrolling.
Ordered to special consent calendar.
Read third time. Passed. (Ayes 79. Noes 0. Page 2625.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 7. Noes 0.) (July 7).
Read second time and amended. Re-referred to Com. on AGING & L.T.C.
From committee: Do pass as amended and re-refer to Com. on AGING & L.T.C. (Ayes 13. Noes 0.) (June 24).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
Referred to Coms. on INS. and AGING & L.T.C.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 36. Noes 0. Page 882.) Ordered to the Assembly.
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 7. Noes 0. Page 727.) (April 22).
Set for hearing April 22.
April 8 set for first hearing canceled at the request of author.
Set for hearing April 8.
From printer. May be acted upon on or after March 29.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB575 | HTML |
| 02/26/15 - Introduced | |
| 04/30/15 - Amended Senate | |
| 06/16/15 - Amended Assembly | |
| 06/29/15 - Amended Assembly | |
| 07/13/15 - Amended Assembly | |
| 09/01/15 - Enrolled | |
| 10/06/15 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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