The National Association of Insurance Commissioners has stopped trying to develop new regulations for new types of long-term care benefits products, such as those that combine long-term care benefits with life insurance. Members of the NAIC’s Senior Issues Task Force have voted to shut down an arm — the Long-Term Care Insurance Model Update Subgroup — because the last chair quit in December 2021, finding a new chair has been difficult, and only one person has asked about the subgroup since the last chair left.
