Bill Text: IA SF38 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A bill for an act providing for standardized provisions and format and a consumer guide for long-term care insurance policies and including applicability provisions.
Spectrum: Partisan Bill (Democrat 19-0)
Status: (Introduced - Dead) 2013-12-31 - END OF 2013 ACTIONS [SF38 Detail]
Download: Iowa-2013-SF38-Introduced.html
Senate
File
38
-
Introduced
SENATE
FILE
38
BY
BOLKCOM
,
SODDERS
,
BEALL
,
McCOY
,
JOCHUM
,
GRONSTAL
,
QUIRMBACH
,
DEARDEN
,
HORN
,
TAYLOR
,
HATCH
,
BRASE
,
SENG
,
DANIELSON
,
DOTZLER
,
DVORSKY
,
RAGAN
,
SCHOENJAHN
,
and
PETERSEN
A
BILL
FOR
An
Act
providing
for
standardized
provisions
and
format
and
a
1
consumer
guide
for
long-term
care
insurance
policies
and
2
including
applicability
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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38
Section
1.
Section
514G.105,
Code
2013,
is
amended
by
adding
1
the
following
new
subsections:
2
NEW
SUBSECTION
.
5A.
Standard
provisions
and
format.
3
a.
The
commissioner
shall
adopt
rules
establishing
standard
4
provisions
for
terms
and
benefits
required
to
be
included
in
a
5
long-term
care
insurance
policy
advertised,
marketed,
offered,
6
delivered,
or
issued
for
delivery
in
this
state.
The
rules
7
shall
establish
a
standard
format
for
such
long-term
care
8
insurance
policies
to
facilitate
ease
of
comparison
of
the
9
various
policies
by
consumers.
10
b.
The
commissioner
shall
review
each
policy
of
long-term
11
care
insurance
prior
to
the
policy
being
advertised,
marketed,
12
offered,
delivered,
or
issued
for
delivery
in
this
state
to
13
ensure
that
the
policy
complies
with
the
requirements
of
this
14
subsection
and
rules
adopted
pursuant
to
this
subsection.
15
NEW
SUBSECTION
.
7A.
Consumer
guide.
16
a.
A
consumer
guide,
as
prescribed
by
the
commissioner
17
by
rule,
shall
be
delivered
to
a
prospective
applicant
18
for
long-term
care
insurance
at
the
time
of
the
initial
19
solicitation
for
coverage.
20
(1)
In
the
case
of
producer
solicitations,
a
producer
shall
21
deliver
the
consumer
guide
to
a
prospective
applicant
prior
to
22
the
presentation
of
an
application
or
enrollment
form.
23
(2)
In
the
case
of
direct
response
solicitations,
the
24
consumer
guide
shall
be
presented
in
conjunction
with
any
25
application
or
enrollment
form.
26
(3)
In
the
case
of
a
policy
issued
to
a
group
as
described
27
in
section
514G.103,
subsection
9,
paragraph
“a”
,
a
consumer
28
guide
is
not
required
to
be
delivered
to
the
applicant,
29
provided
that
the
information
described
in
paragraph
“b”
of
this
30
subsection
is
contained
in
other
enrollment
materials
provided.
31
Upon
request
such
other
enrollment
materials
shall
be
made
32
available
to
the
commissioner.
33
b.
The
consumer
guide
shall
include
a
description
of
the
34
standard
terms,
benefits,
and
format
required
for
a
long-term
35
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38
care
insurance
policy
in
this
state.
The
commissioner
of
1
insurance
may
by
reference
adopt
or
permit
the
use
of
the
2
long-term
care
insurance
consumer
guide
developed
by
the
3
national
association
of
insurance
commissioners,
the
blue
4
cross
and
blue
shield
association,
or
the
health
insurance
5
association
of
America,
provided
that
the
consumer
guide
that
6
is
adopted
or
permitted
to
be
used
by
reference
meets
all
of
7
the
requirements
of
this
subsection.
8
Sec.
2.
APPLICABILITY.
This
Act
applies
to
long-term
care
9
insurance
policies
advertised,
marketed,
offered,
delivered,
or
10
issued
for
delivery
in
this
state
on
or
after
July
1,
2013.
11
EXPLANATION
12
This
bill
requires
the
commissioner
of
insurance
to
adopt
13
rules
establishing
standard
provisions
for
terms
and
benefits
14
required
to
be
included
in
a
long-term
care
insurance
policy
15
advertised,
marketed,
offered,
delivered,
or
issued
for
16
delivery
in
this
state.
The
rules
must
establish
a
standard
17
format
for
such
policies
so
that
consumers
can
easily
compare
18
the
various
policies
offered.
The
commissioner
is
required
to
19
review
each
policy
of
long-term
care
insurance
to
ensure
that
20
the
policy
complies
with
these
requirements.
21
The
bill
also
requires
the
commissioner
to
adopt
rules
22
concerning
a
consumer
guide
to
be
delivered
to
prospective
23
applicants
for
long-term
care
insurance
at
the
time
of
24
solicitation,
application,
or
enrollment.
The
guide
must
25
include
a
description
of
the
required
standard
terms,
benefits,
26
and
format
in
long-term
care
insurance
policies
in
this
state.
27
The
commissioner
may
by
reference
adopt
or
permit
the
use
28
of
a
consumer
guide
developed
by
the
national
association
29
of
insurance
commissioners,
the
blue
cross
and
blue
shield
30
association,
or
the
health
insurance
association
of
America,
so
31
long
as
the
guide
meets
all
the
requirements
of
the
bill.
32
The
bill
is
applicable
to
long-term
care
insurance
policies
33
advertised,
marketed,
offered,
delivered,
or
issued
for
34
delivery
in
this
state
on
or
after
July
1,
2013.
35
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