VA HB719 | 2014 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 7 2014 - 25% progression, died in committee
Action: 2014-02-12 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Long-term care insurance; notice of lapse and reinstatement. Requires an insurer issuing a policy of long-term care insurance to give the policyholder or certificateholder, and a person designated by the policyholder or certificateholder, notice of lapse or termination of the policy or certificate for nonpayment of premium. The notice is required to be sent by certified mail or commercial delivery. The policy shall not lapse until at least 60 days have passed since the notice is sent. The policy or certificate shall include a provision that allows the coverage to be reinstated after lapsing if the insurer is provided proof that the policyholder or certificateholder was cognitively impaired or had a loss of functional capacity before the expiration of the grace period. Currently, a State Corporation Commission regulation requires that a 30-day notice of termination for nonpayment of premium be sent by first-class mail.

Tracking Information

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Title

Long-term care insurance; notice of lapse or termination of policy, reinstatement.

Sponsors


Roll Calls

2014-01-28 - House - House: Subcommittee failed to recommend reporting (5-Y 5-N) (Y: 5 N: 6 NV: 0 Abs: 0) [FAIL]

History

DateChamberAction
2014-02-12HouseLeft in Commerce and Labor
2014-01-28HouseSubcommittee failed to recommend reporting (5-Y 5-N)
2014-01-15HouseAssigned C & L sub: Subcommittee #1
2014-01-07HouseReferred to Committee on Commerce and Labor
2014-01-07HousePrefiled and ordered printed; offered 01/08/14 14103048D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
3825202.2(n/a)See Bill Text

Virginia State Sources


Bill Comments

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