A panel has endorsed measures that could affect long term care insurance producers’ continuing education requirements and reciprocity of LTC producer licenses.
Members of the long term care working group at the National Association of Insurance Commissioners, Kansas City, Mo., have voted here at the NAIC’s fall meeting to advance an LTC model act and model regulation and an accompanying long term care bulletin.
Kansas Insurance Commissioner Sandy Praeger is the chair of the working group.
The NAIC’s Health Insurance and Managed Care Committee must approve the package before the NAIC plenary, or body that represents all NAIC members, will consider it.
Regulators at the NAIC have been working on updating the LTC insurance model for 2 years.