CA AB2366

Requires insurers to notify policyholders of new long-term care benefits or policies within 12 months of the new policy series becoming available for sale in California, and file notice with the Department of Insurance simultaneously.

Permits policyholders to obtain new benefits through one of three methods: adding a rider with separate premium based on attained age, replacing the policy under existing replacement rules, or replacing with a new policy using the original issue age for premium calculations.

Allows insurers to require new underwriting for policyholders receiving new benefits, but restricts such underwriting to standards no more restrictive than those applied to new applicants.

Defines "new benefits" as coverage for new long-term care services or providers that are material in nature, explicitly excluding minor changes such as modifications to elimination periods, benefit periods, or benefit amounts.

Requires group policy insurers to offer existing certificate holders the opportunity to extend new benefits, but relieves insurers of obligations if the group policyholder declines the offer.