Is Long Term Care Insurance Regulated?

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   Ted Ratliff

   Owner, SFS Associates,

   All Insurance companies are regulated by the NAIC (National Association of Insurance Commissioners) and the State.  There are also some Federal Guidelines for Qualified Long Term Care Plans.  Insurance Companies plans must be approved by the State Insurance Department before being sold in that State.  Any rate changes must also be approved.

   Answered on June 21, 2013

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