Description: Panelists at this session of the SOA 2000 Las Vegas Spring Meeting discuss proposed changes to the NAIC model for Long Term Care Insurance designed to promote initial rate adequacy and decrease the role of rate increases in maintaining profitability.

Description: With the creation of 'qualified' long-term-care plans behind us, companies now have additional information regarding interpretations from the Treasury Department, regulations and directives from insurance departments, and feedback from the consumer. This presentation from Session 128PD of the SOA 1999 San Francisco Annual Meeting looks at what has been learned in the past two years about long-term care insurance and what state and federal regulatory changes may be on the horizon. From the Record of the Society of Actuaries, Vol. 25, No. 3.