S.B. 722 Summary

• Requires long-term care insurance lapse or termination notices for nonpayment of premiums to be sent by certified mail or commercial delivery service instead of first-class mail.

• Mandates notices be sent to the insured and designated third parties at least 30 days before the effective date of lapse or termination, with notice deemed given 5 days after mailing date.

• Prevents policies from lapsing or being terminated earlier than 60 days after the notice mailing date, providing additional time for policyholders to respond.

• Requires certified mail or commercial delivery to provide proof of mailing and delivery, addressing concerns about undelivered notices leading to unintended policy lapses.

• Takes effect January 1, 2016.