Text to be removed highlighted in red.
1 New Paragraph; Disclosure and Performance Standards for Long-Term Care Insurance. Amend RSA 415-D:5 by inserting after paragraph IV the following new paragraph:
V. Notwithstanding any other provision in this chapter, the insurance commissioner may approve innovative short or long-term care policies or certificates and rates, provided the commissioner finds that:
(a) Issuance or delivery is not contrary to the best interest of the public; and
(b) The benefits are reasonable in relation to the premium charged.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 New Paragraph; Disclosure and Performance Standards for Long-Term Care Insurance. Amend RSA 415-D:5 by inserting after paragraph IV the following new paragraph:
V. Notwithstanding any other provision in this chapter, the insurance commissioner may approve innovative short or long-term care policies or certificates and rates, provided the commissioner finds that:
(a) Issuance or delivery is not contrary to the best interest of the public; and
(b) The benefits are reasonable in relation to the premium charged.
2 Effective Date. This act shall take effect 60 days after its passage.