FL S1306

Defines "guaranteed renewable" long-term care insurance as policies that insureds can continue by timely premium payment, with insurers unable to make unilateral changes to provisions or decline renewal except for class-based rate revisions.

Establishes that continuation or renewal of a guaranteed renewable long-term care policy does not create a new policy and does not automatically incorporate statutory or regulatory changes enacted after the original issuance date.

Reorganizes subsection (3) of section 627.9407 into paragraphs (a) and (b), maintaining existing restrictions on policy cancellation, waiting periods, coverage limitations, and elimination periods while adding the guaranteed renewable policy provision.

Updates cross-references in sections 627.9403 and 641.2018 to reflect the reorganized subsection structure, changing references from 627.9407(3)(c) to 627.9407(3)(a)3.

Effective date: July 1, 2012.