Long-term care insurance; notice of lapse or termination of policy, reinstatement. (HB719)

Introduced By

Sen. Jennifer McClellan (D-Richmond) with support from co-patrons Del. Jeion Ward (D-Hampton), and Sen. Lionell Spruill (D-Chesapeake)


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, notice of lapse or termination of the policy or certificate for nonpayment of premium. The notice is required to be sent by certified mail or commercial delivery. The policy shall not lapse until at least 60 days have passed since the notice is sent. 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


01/07/2014Prefiled and ordered printed; offered 01/08/14 14103048D
01/07/2014Referred to Committee on Commerce and Labor
01/15/2014Assigned C & L sub: Subcommittee #1
01/22/2014Impact statement from SCC (HB719)
01/23/2014Impact statement from SCC (HB719)
01/28/2014Subcommittee failed to recommend reporting (5-Y 5-N)
02/12/2014Left in Commerce and Labor