Effective Date
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Insurers and regulated entities

Currently, life insurers can't offer life insurance policies with riders that have accelerated benefits for long-term care insurance (LTCi). This rule also requires them to disclose this prohibition. The proposed rule will allow life insurance policies to fund LTCi benefits through the acceleration of the policy’s death benefits under certain conditions (see WAC 284-23-650, RCW 48.83.010(3), 48.83.020(5)(a), and 48.83.080).

Amended laws & rules:
Amended WAC 284-23-650 - Disclosure statement

Rulemaking process

CR-103P (PDF 257.38 KB)

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The public hearing was held on December 27 at 9:00 a.m. on zoom. 

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CR-102 (PDF 270.04 KB)

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