2003 Senate Bill 236 ↩

Senate Roll Call 139: Passed

To allow Blue Cross/Blue Shield to purchase for-profit long-term care insurance companies and operate as a for-profit business in this area of insurance. Unlike its other business activities, revenue from the sale of long term care insurance by the company would not be tax exempt. It would be allowed to use a long-term care insurance application form designed to elicit the complete health history of an applicant, and to charge different rates based on age and sound actuarial principles. The legislation is part of a package comprised of Senate Bills 460 and 234 to 238, and House Bills 4280 to 4282.