Long-term care insurance; notice of lapse and reinstatement. (HB1869)

Introduced By

Sen. Jennifer McClellan (D-Richmond)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Long-term care insurance; notice of lapse and reinstatement. Requires an insurer issuing a policy of long-term care insurance to give the policyholder or certificateholder, and a person designated by the policyholder or certificateholder to receive notice of lapse or termination of the policy or certificate for nonpayment of premium, at least 60 days' notice by registered mail or commercial delivery service, return receipt requested, prior to the lapse or termination of the policy for nonpayment of premium. The policy or certificate shall include a provision that allows the coverage to be reinstated after lapsing if the insurer is provided proof that the policyholder or certificateholder was cognitively impaired or had a loss of functional capacity before the expiration of the grace period. Currently, a State Corporation Commission regulation requires that a 30-day notice of termination for nonpayment of premium be sent by first-class mail. Read the Bill »


Bill Has Failed


01/08/2013Prefiled and ordered printed; offered 01/09/13 13100503D
01/08/2013Referred to Committee on Commerce and Labor
01/27/2013Impact statement from SCC (HB1869)
01/28/2013Impact statement from SCC (HB1869)
01/31/2013Tabled in Commerce and Labor