Introduced
To clarify that long-term care insurance benefits are not subject to state regulations on “accelerated benefits,” which are benefits that may be provided under life insurance policies in anticipation of a beneficiary’s death from specified life-threatening conditions. Also, to define "chronic illness" as defined in the bill as a qualifying event triggering benefit payments under long term care insurance.
Referred to the Committee on Insurance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 107 to 0 (details)
Referred to the Committee on Insurance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 38 to 0 (details)
To clarify that long-term care insurance benefits are not subject to state regulations on “accelerated benefits,” which are benefits that may be provided under life insurance policies in anticipation of a beneficiary’s death from specified life-threatening conditions.
