In Virginia, insurers already have to offer to send lapse notices to a designated third party. (AP photo/Robert Ray)

Virginia insurance regulators have adopted new notice rules for long-term care insurance (LTCI) policies that are in danger of lapsing.

The Virginia Bureau of Insurance already requires LTCI carriers to offer a policyholder the option of having a designated third party receive a notice about any LTCI policy that is in danger of lapsing because of non-payment of premium.

Starting in 2015, the Bureau of Insurance will require an insurer to keep proof that it mailed the notice to the designated third party for at least three years after the date of mailing.

An insurer must send a notice about a policy that is due to lapse at least 30 days before the effective date of the lapse, officials say.

See also: Researchers: LTCI Policies Often Lapse