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Proposed 2009 Charges:
Identify and analyze issues, and make recommendations, relating to long-term care insurance; specifically, with regard to open and/or closed blocks of long-term care business:
1. Whether there is anything the NAIC can or should do to address possible reserve deficiencies and rating issues, such as mitigation against rate increases and death spirals;
2. In line with the NAIC's current model law, explore options where appropriate, and monitor efforts, to ensure the fair or equal treatment of policyholders, including those in situations where policyholders live in multiple states; and
3. How regulators should treat the spin-off or transfer of closed blocks of business to another entity, including process issues related thereto. |
