5500790, 69O-157.004 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 5500790

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

LONG-TERM CARE INSURANCE

Overview

RULE:

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:

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.

SUMMARY:

HB 947 made changes to Florida law regarding Long Term Care. This law did two things, one, it stated that after 24 months, a long term care policy was incontestable, and two, it removed the clause which prohibited a long term care policy from providing for less than 24 consecutive months for nursing home care.

RULEMAKING AUTHORITY:

624.308(1), 626.9611, 627.9407(1), (6), 627.9408 FS.

LAW:

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.

PRINT PUBLISH DATE:

4/18/2008 Vol. 34/16

COMMENTS:

From 4/18/2008 To 5/9/2008 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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