HEARING - U.S. Senate Special Committee on Aging

Draft: 12/9/86
Table of. Contents
Section 1. Purpose
Section 2. Scope
Section 3. Short Title
Section 4. Definitions
153
LONS.-TERM CARE INSURANCE MODEL ACT
Section 5. Limits of Group Long Term Care Insurance
ATTACHMENT FIVE
Section 6. Disclosure and Performance Standards for Long-Term Care
Insurance
Section 7. Administrative Procedures
Section 8. Severebility
Section 9. Effective Date
Section 1. Purpose
The purpose of this Act is to promote the public interest, to promote the
availability of long-term care insurance policies, to protect applicants
for long-term care insurance as defined from unfair or deceptive sales or
enrollment practices, to establish standards for long-term care insurance,
to facilitate public understanding and comparison of long-term care
insurance policies, and to facilitate flexibility and innovation in the
development of long-term care insurance coverage.
Comments: The purpose clause evidences legislative intent to protect the
public while recognizing the need to permit flexibility and innovation with
respect to long-term care insurance coverage,
Section 2. Scope
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