Long-term care and disability insurance.

(1) Existing law generally provides for the regulation of the business of long-term care insurance by the Department of Insurance pursuant to laws set forth in the Insurance Code. Existing law specifically requires certain long-term care policies to state the threshold for establishing eligibility for home care benefits and provide specific information relating to the provision of an alternative plan of care. This bill would expand the required information to be included in those long-term care policies regarding the threshold for establishing eligibility for home care benefits and the provision of an alternate plan of care. (2) Existing law generally provides for the regulation of the business of disability insurance by the Department of Insurance pursuant to laws set forth in the Insurance Code. Existing law specifically requires certain disability insurance policies that include an accelerated death benefit to explain the benefits in a specified manner. This bill would expand the required information to be included in those disability insurance policies that include an accelerated death benefit to explain the ability of an insured to request a health assessment and to receive a lump sum payment of the accelerated death benefit, and how an insured is required to provide the insurer with a notice of a claim. This bill would also make technical, nonsubstantive changes to provisions relating to long-term care and disability insurance.