Notice of Development of Rulemaking

DEPARTMENT OF FINANCIAL SERVICES
OIR – Insurance Regulation
RULE NO: RULE TITLE
69O-157.004: Out-of-State Group Long-Term Care Insurance
69O-157.104: Policy Practices and Provisions
69O-157.114: Filing Requirement - Out of State Groups
69O-157.117: Prohibition Against Preexisting Conditions and Probationary Periods in Replacement Policies or Certificates
PURPOSE AND EFFECT: To remove the 24-month nursing home coverage requirement for long term care insurance policies sold after July 1, 2006, and to state that a long term care insurance policy shall be incontestable after two years.
SUBJECT AREA TO BE ADDRESSED: Incontestability provisions of long term care insurance policies and nursing home coverage in long term care insurance policies.
SPECIFIC AUTHORITY: 624.308(1), 626.9611, 627.9407(1), (6), 627.9408 FS.
LAW IMPLEMENTED: 624.307(1), 626.9541(1)(a), (g), 627.410, 627.603, 627.646, 627.9402, 627.9403, 627.9405(2), 627.9406, 627.9407, 627.94076, 627.9408 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
TIME AND DATE: February 19, 2008, 9:30 a.m.
PLACE: 116 Larson Building, 200 East Gaines Street, Tallahassee, Florida
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Gerry Smith, Life and Health Product Review, Office of Insurance Regulation, E-mail gerry.smith@fldfs.com. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Gerry Smith, Life and Health Product Review, Office of Insurance Regulation, E- mail gerry.smith@fldfs.com

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.