Description: Chairperson's update on the Long-Term Care Insurance Section with a focus on the progress made since the Think Tank meeting held in October and the addition of Rhonda Ahrens to coordinate outreach to regulatory members.

Description: Review of LTC Industry

Description: NAIC Activities by William C. Weller from Long Term Care Newsletter, April 2000, Issue No. 2.

Description: Chairperson's update on the Long-Term Care Insurance Section .

Description: Editor's Corner from the May 2012 Long-Term Care News

Description: Today, a plethora of tools and approaches exist to develop lifetime projections of long-term care (LTC) business. Within these tools lie two distinct approaches to project mortality; namely, by using assumptions that are applied: (1) to an all-lives exposure base, or (2) separately for disabled- versus active-lives exposure bases. Using disabled versus active mortality allows for more granular modeling of the two different cohorts that exhibit dramatically different mortality. And so, when using an all-lives mortality assumption, is the projection missing important details about the appropriate mortality level? This article seeks to not only answer this question, but also answer how a “traditional” all-lives mortality assumption can be impacted when you introduce a combination of the two modeling techniques into the development of a mortality assumption. To answer these questions, we examined the experience and results developed from one c ompany as an illustrative case study.

Description: The LTC insurance sector faces a crisis of credibility due to recent company failures. Market evidence indicates reduced confidence in the reserve sufficiency of companies with large legacy LTC exposures. Disclosures show the persistence of problematic actuarial and investment return assumptions. Institutional backstops exist but vary by jurisdiction and have elements which can exacerbate rather than ameliorate problems. Fortunately, LTC liabilities accrue over long time periods. An industry supported incentive structure can be conceived that would establish stronger standards and encourage greater reserving in exchange for a more reliable and rational backstop.

Description: Editor’s Column by Bartley L. Munson from Long Term Care Newsletter, September 1999, Issue No. 1.

Description: Recaps the highlights of last 12 months of activity and accomplishments by the LTC Section Council.

Description: Review of LTC Industry.