SLS 12RS-1159 ORIGINAL
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Regular Session, 2012
SENATE CONCURRENT RESOLUTI ON NO. 66
BY SENATOR BUFFINGTON
LIFE INSURANCE. Establishes within the Department of Insurance an advisory work
group to examine methods to allow an insured under a life insurance policy or the contract
holder of an annuity to convert the policy or annuity to a long term care benefit.
A CONCURRENT RESOLUTI ON1
To establish an advisory work group within the Department of Insurance to examine2
methods to allow an insured under a life insurance policy or the contract holder of3
an annuity to convert the policy or annuity to a long term care benefit.4
WHEREAS, a need exists to allow an insured under a life insurance policy or a5
contract holder of an annuity to convert the policy or annuity to a long term care benefit; and6
WHEREAS, a study of the issues related to the conversion of such policies and7
annuities is necessary in order to address the needs of the insured and contract holder; and8
WHEREAS, the study of those issues is best undertaken by an advisory work group9
with the Department of Insurance, with the assistance of the Department of Health and10
Hospitals and others knowledgeable in the subject matter areas associated with those issues;11
and12
WHEREAS, the advisory work group shall study, examine, evaluate, and make13
recommendations and findings on the feasibility and benefits of mandating life insurance14
companies to include an offer of accelerated death benefits as means to fund long term care15
institutional services in their standard policies; and16
THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby17
establish the advisory work group within the Department of Insurance to examine methods18 SCR NO. 66
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to allow an insured under a life insurance policy or the contract holder of an annuity to1
convert the policy or annuity to a long term care benefit.2
BE IT FURTHER RESOLVED that the membership on the advisory work group3
shall consist of the following:4
(1) The commissioner of the Department of Insurance, or his designee.5
(2) The secretary of the Department of Health and Hospitals, or his designee.6
(3) The executive director of the Louisiana Nursing Home Association, or his7
designee.8
(4) The executive director of the Louisiana Insurers' Conference, or his designee.9
(5) The executive director of the office of elderly affairs in the office of the governor,10
or his designee.11
BE IT FURTHER RESOLVED that the names of the members on the advisory work12
group shall be submitted to the commissioner of the Department of Insurance no later than13
September 1, 2012.14
BE IT FURTHER RESOLVED that the advisory work group shall convene its first15
meeting no later than September 15, 2012.16
BE IT FURTHER RESOLVED that the commissioner of the Department of17
Insurance shall designate the chairperson of the advisory work group from the membership18
of the working group.19
BE IT FURTHER RESOLVED that the advisory work group shall provide for the20
manner and frequency of its meetings at its first meeting, and it shall be staffed by the21
Department of Insurance.22
BE IT FURTHER RESOLVED that the advisory work group shall meet as necessary23
and shall report its findings to the legislature no later than February 1, 2013.24
BE IT FURTHER RESOLVED that the advisory work group shall terminate upon25
the date of submission of its report or February 1, 2013, whichever occurs first.26
BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the27
commissioner of the Department of Insurance, the secretary of the Department of Health and28
Hospitals, the executive director of the Louisiana Nursing Home Association, the executive29
director of the Louisiana Insurers' Conference, and the executive director of the office of30 SCR NO. 66
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elderly affairs in the office of the governor.1
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Christopher D. Adams.
DIGEST
Buffington SCR No. 66
Establishes the advisory work group within the Department of Insurance to examine methods
to allow an insured under a life insurance policy or the contract holder of an annuity to
convert the policy or annuity to a long term care benefit.