By the Division of Insurance


Posted on: February 10, 2017 at 3:00 p.m.

NOTICE OF HEARING

Pursuant to M.G.L. Chapter 30A and the authority granted to the Commissioner of Insurance (“Commissioner”) under M. G. L. c. 175, §§24, 108, and 110E, c. 176U, c. 176, §24, c. 176A, c. 176B, and c. 176D, a hearing will be held at 10:00 a.m. on March 8, 2017, at the Division of Insurance (“Division”), Hearing Room 1-E, 1000 Washington Street, Boston, Massachusetts, 02118-6200.  The purpose of the hearing is to afford all interested persons an opportunity to provide oral and written statements regarding three regulations that are the subject of proposed amendments.  The docket number assigned to each regulation and a description of the proposed actions to be taken follow.

Docket No. G2017-01

211 CMR 42.00 pdf format of 211cmr42-red-03082017.pdf
Individual Accident and Sickness Insurance.  The regulation provides uniform standards for the terms and conditions in individual accident and sickness insurance policies.  The proposed amendments conform the regulation to legislative changes to the Massachusetts long-term care statute and to be consistent with proposed changes to the long-term care insurance regulation, 211 CMR 65.00.

Docket No. G2017-02

211 CMR 55.00 pdf format of 211cmr55-red-03082017.pdf
Disclosure Requirements for Life Insurance Policies with Accelerated Benefit Provisions and Annuity Contracts Allowing Early Withdrawal of Proceeds in the Event of Total and Permanent Disability.  The proposed amendments conform the regulation to legislative changes to the Massachusetts long-term care statute and to be consistent with proposed changes to the long-term care insurance regulation, 211 CMR 65.00.

Docket No. G2017-03

211 CMR 65.00 pdf format of 211cmr65-red-03082017.pdf
Long-Term Care Insurance. The Division proposes to amend the long-term care regulation to conform to legislative changes to the enabling statute and to be consistent with the Long-Term Care Insurance Model Regulation developed by the National Association of Insurance Commissioners.

The proposed regulations may be inspected in the Division’s offices during normal business hours or viewed on the Division’s website, www.mass.gov/doi. Persons who wish to present unsworn oral or written statements at the March 8, 2017 hearing are asked to submit a notice of intent to comment no later than March 6, 2017.  Other persons who wish to speak will be heard after those who notify the Division in advance.  The hearing record will remain open for a week after conclusion of the March 8, 2017 hearing to receive any additional written statements.

All notices and submissions must refer to the Docket Number for the particular regulation that the person intends to address.  Notices and submissions in hard copy may be sent by mail to the Docket Clerk, Hearings and Appeals, Division of Insurance, at the address above or by electronic mail to doidocket.mailbox@state.ma.us.

 

January 26, 2017

 __________________________________

 Daniel R. Judson
Commissioner of Insurance