Did not become law. It stopped in the House of Representatives's Insurance Committee on February 19, 2008. The 2008 session has ended.
2008 Regular Session
House Bill 1042
Long-term care policies; must provide offer to purchase nonforfeiture benefit.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO PROVIDE THAT ANY COMPANY, CORPORATION, ASSOCIATION, PARTNERSHIP, INDIVIDUAL OR OTHER ENTITY ISSUING OR DELIVERING A LONG-TERM CARE POLICY OR CONTRACT ON OR AFTER JULY 1, 2008, MUST OFFER AN OPTION TO PURCHASE A POLICY OR CONTRACT THAT INCLUDES A NONFORFEITURE BENEFIT; TO PROVIDE THAT THE OFFER OF A NONFORFEITURE BENEFIT MUST BE PROVIDED AT THE TIME THE POLICY OR CONTRACT IS ISSUED OR DELIVERED AND MAY BE IN THE FORM OF A RIDER ATTACHED TO THE POLICY OR CONTRACT; TO PROVIDE THAT IF THE NONFORFEITURE BENEFIT IS DECLINED, THE COMPANY, CORPORATION, ASSOCIATION, PARTNERSHIP, INDIVIDUAL OR OTHER ENTITY ISSUING OR DELIVERING THE POLICY MUST PROVIDE A CONTINGENT BENEFIT UPON LAPSE THAT WILL BE AVAILABLE FOR A SPECIFIED PERIOD OF TIME FOLLOWING A SUBSTANTIAL INCREASE IN PREMIUM RATES; TO PROVIDE THAT THE COMMISSIONER OF INSURANCE SHALL ADOPT AND PROMULGATE RULES AND REGULATIONS NECESSARY TO IMPLEMENT THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
February 4 to February 19, 2008, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the House of RepresentativesFeb 4 to Feb 19 · stopped15 days
InsuranceFeb 4 to Feb 19 · stopped15 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.