Filed Under:Health Insurance, Ltci

Regulators could shake up LTCI reserve rules

Actuaries are running blocks of thousands of LTCI policies through a stochastic testing model. (AP photo/Bernd Kammerer)
Actuaries are running blocks of thousands of LTCI policies through a stochastic testing model. (AP photo/Bernd Kammerer)

Insurance regulators are talking about whether they can, and should, use a flexible, complicated new approach to analyzing how much money insurers should reserve to support long-term care insurance (LTCI) policies.

Two arms of the National Association of Insurance Commissioners (NAIC) — the Long-term Care Actuarial Working Group and the working group's parent, the Health Actuarial Task Force — looked at the idea of using "principles-based reserving" (PBR) for blocks of LTCI business earlier this week in Louisville, Ky., at the NAIC's summer meeting.

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Nichole Morford

Nichole Morford
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