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Regular Session, 2012 ENROLLED
SENATE CONCURRENT RESOLUTI ON NO. 104 (Substitute of SCR No. 66 by
Senator Buffington)
BY SENATOR BUFFINGTON
A CONCURRENT RESOLUTI ON
To establish an advisory work group within the Department of Insurance to examine options
that may be available to allow an insured under a life insurance policy or contract
holder of an annuity to fund long-term care benefits.
WHEREAS, a need exists to fund long-term care benefits; and
WHEREAS, a study is necessary to determine the options available today and those
that may be available in the future to combine life insurance and annuity benefits with long-
term care benefits for the purpose of addressing the long-term care needs of the insured and
contract holder; and
WHEREAS, the study of those issues is best undertaken by an advisory work group
within the Department of Insurance, with the assistance of the Department of Health and
Hospitals and others knowledgeable in the subject matter areas associated with those issues;
and
WHEREAS, the advisory work group shall study, examine, evaluate, and make
recommendations and findings on the feasibility of combining life insurance and annuity
benefits with long-term care benefits as a means to fund long-term care.
THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
establish the advisory work group within the Department of Insurance to examine options
that may be available to allow an insured under a life insurance policy or contract holder of
an annuity to fund long-term care benefits.
BE IT FURTHER RESOLVED that the membership on the advisory work group
shall consist of the following:
(1) The commissioner of the Department of Insurance, or his designee.
(2) The secretary of the Department of Health and Hospitals, or his designee. SCR NO. 104 ENROLLED
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(3) The executive director of the Louisiana Nursing Home Association, or his
designee.
(4) The executive director of the Louisiana Insurers' Conference, or his designee.
(5) A representative of the American Council of Life Insurers, selected by the council
members, or such person's designee.
(6) The executive director of the office of elderly affairs in the office of the governor,
or his designee.
(7) A company representative from one of the ten top writers of insurance, annuities,
and long-term care benefits in the state of Louisiana selected by such writers.
(8) The executive director of the National Association of Insurance and Financial
Advisors of Louisiana, or his designee.
BE IT FURTHER RESOLVED that the names of the members of the advisory work
group shall be submitted to the commissioner of the Department of Insurance no later than
September 1, 2012.
BE IT FURTHER RESOLVED that the commissioner of the Department of
Insurance shall convene the first meeting of the advisory work group no later than September
15, 2012.
BE IT FURTHER RESOLVED that the commissioner of the Department of
Insurance shall designate the chairperson of the advisory work group from the membership
of the working group.
BE IT FURTHER RESOLVED that the advisory work group shall provide for the
manner and frequency of its meetings at its first meeting, and it shall be staffed by the
Department of Insurance.
BE IT FURTHER RESOLVED that the advisory work group shall meet as necessary
and shall report its findings to the legislature no later than February 1, 2013.
BE IT FURTHER RESOLVED that the advisory work group shall terminate upon
the date of submission of its report or February 1, 2013, whichever occurs first.
BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
commissioner of the Department of Insurance, the secretary of the Department of Health and
Hospitals, the executive director of the Louisiana Nursing Home Association, the executive SCR NO. 104 ENROLLED
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director of the Louisiana Insurers' Conference, and the executive director of the office of
elderly affairs in the office of the governor.
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES