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CA AB1814

Bill

Official Source

Status

Engrossed

5/2/2019

Primary Sponsor

Insurance

Click for details

Origin

State Assembly

2019-2020 Session

AI Summary

  • Amends Section 10232.2 of the Insurance Code to make technical and nonsubstantive changes to long-term care insurance regulations
  • Deletes obsolete provisions regarding the filing, offering, and marketing of federally qualified long-term care insurance contracts
  • Removes outdated deadlines and legislative intent statements related to contract approvals from 2001
  • Clarifies that group policies issued before January 1, 1997 may remain in force but must offer conversion to federally tax-qualified policies if they lose qualified status under Internal Revenue Code Section 7702B(f)
  • Applies all requirements of the long-term care insurance chapter to newly approved contracts, including riders to life insurance policies

Legislative Description

Long-term care insurance.

Last Action

Ordered to inactive file at the request of Senator Bradford.

9/14/2019

Committee Referrals

Insurance5/16/2019
Rules5/2/2019
Insurance3/28/2019

Full Bill Text

No bill text available