Bill Text: CA AB1814 | 2019-2020 | Regular Session | Introduced
Bill Title: Long-term care insurance.
Spectrum: Committee Bill
Status: (Engrossed - Dead) 2019-09-14 - Ordered to inactive file at the request of Senator Bradford. [AB1814 Detail]
Download: California-2019-AB1814-Introduced.html
Assembly Bill | No. 1814 |
Introduced by Committee on Insurance |
March 05, 2019 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 10232.2 of the Insurance Code is amended to read:(a)Every insurer that offers policies or certificates that are intended to be federally qualified long-term care insurance contracts, including riders to life insurance policies providing long-term care coverage, shall fairly and affirmatively concurrently file, offer, and market long-term care insurance policies or certificates not intended to be federally qualified, as described in subdivision (a) of Section 10232.1.
(b)
10232.2.
(a)(c)Until October 1, 2001, or 90 days after approval of contracts submitted for approval pursuant to subdivision (b), whichever comes first, insurers may continue to offer and market previously approved long-term care insurance contracts.
(d)
(e)It is the intent of the Legislature that
the commissioner approve by July 1, 2001, all accurate and complete contracts submitted for approval pursuant to subdivision (b). It is the further intent of the Legislature that insurers submit contracts for approval and resolve further outstanding issues pursuant to subdivision (b) in a timely manner in order for the commissioner to approve the contracts by July 1, 2001.