NAIC’s Long-Term Care Insurance Multistate Rate Review (EX) Subgroup recently released a new draft of its MSA Framework document. Comments are due by December 6.
The NAIC has charged the Long‐Term Care Insurance (EX) Task Force with developing a consistent national approach for reviewing current LTCi rates that results in actuarially appropriate increases being granted by the states in a timely manner and that eliminates cross‐state rate subsidization.
The Ad Hoc Drafting Group consists of state insurance department representatives from Connecticut, Minnesota, Nebraska, Texas, Virginia and Washington.
Learn more about the Subgroup and the MSA Framework.
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