Long-Term Care Insurance Experience Reports for …

1 Long-Term care Insurance Experience Reports for 2015 Long-Term care Insurance Experience Reports for 20152016 Accounting & ReportingInformation about statutory accounting principles and the procedures necessary for fi ling fi nancial annual statements and conducting risk-based capital InformationImportant answers to common questions about auto, home, health and life Insurance as well as buyer s guides on annuities, Long-Term care Insurance and Medicare supplement Regulation Useful handbooks, compliance guides and Reports on fi nancial analysis, company licensing, state audit requirements and collection of NAIC model laws, regulations and guidelines; state laws on Insurance topics.

2 And other regulatory guidance on antifraud and consumer RegulationRegulatory and industry guidance on market-related issues, including antifraud, product fi ling requirements, producer licensing and market ActivitiesNAIC member directories, in-depth reporting of state regulatory activities and offi cial historical records of NAIC national meetings and other more information about NAIC publications, view our online catalog at: Special StudiesStudies, Reports , handbooks and regulatory research conducted by NAIC members on a variety of Insurance -related ReportsValuable and in-demand Insurance industry-wide statistical data for various lines of business, including auto, home, health and life ProductsGuidance manuals, handbooks, surveys and research on a wide variety of Markets & Investment AnalysisInformation regarding portfolio values and procedures for complying with NAIC reporting Papers Relevant studies, guidance and NAIC policy positions on a variety of Insurance topics.

3 1995-2016 National Association of Insurance Commissioners. All rights : 978-1-59917-922-3 Printed in the United States of AmericaNo part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any storage or retrieval system, without written permission from the Executive Offi ce444 North Capitol Street, NWSuite 700 Washington, DC 20001 Central Offi ce1100 Walnut StreetSuite 1500 Kansas City, MO Capital Markets& Investment Analysis Offi ceOne New York Plaza, Suite 4210 New York.

4 NY NAIC is the authoritative source for Insurance industry information. Our expert solutions support the efforts of regulators, insurers and researchers by providing detailed and comprehensive Insurance information. The NAIC offers a wide range of publications in the following categories:TABLE OF CONTENTS 2015 Long-Term care Experience REPORT Introduction .. 1 Qualifications .. 1 Long-Term care Insurance Experience , FORM 1 .. 3 Reporting Form 1 Introduction .. 5 Annual Statement Filing Form 1 .. 6 Actual vs. Expected Claims and Persistency, Aggregated Totals .. 7 Market Share Top One Hundred Companies Countrywide Totals By Actual Lives In-force.

5 8 By Actual Earned Premiums .. 12 Long-Term care Insurance Experience , FORM 2 .. 17 Reporting Form 2 Introduction .. 19 Annual Statement Filing Form 2 .. 20 Insurance Experience by Company Name by Policy Form .. 21 Long-Term care Insurance Experience , FORM 4 .. 141 Reporting Form 4 Introduction .. 143 Annual Statement Filing Form 4 .. 144 Life and Annuity Products Accelerated Benefits, Aggregated Totals .. 145 Long-Term care Insurance Experience , FORM 5 .. 147 Reporting Form 5 Introduction .. 149 Annual Statement Filing Form 5 .. 150 Table State and Territory Totals.

6 151 Map 2015 Form 5 State and Territory Number of Lives In-force Totals .. 152 Insurance Experience by Line of Business by State and Territory Totals .. 153 Market Share Top Ten Companies by State and Territory By Actual Earned Premiums .. 163 COMPANY INDEX .. 217 2016 National Association of Insurance Commissioners 2016 National Association of Insurance Commissioners Long-Term care Insurance Experience Reports FOR 2015 INTRODUCTION The purpose of the Long-Term care Insurance Experience Reporting Forms is to monitor and provide data specific to this coverage.

7 Long-Term care expenses may be paid through life policies, annuity contracts and health contracts. Starting in 2009, the NAIC replaced the prior forms (Forms A, B and C) with entirely new forms (Forms 1, 2, 3, 4 and 5). The original forms monitored compliance with lifetime loss ratio standards by comparing actual to anticipated loss percentages. A ratio of actual-to-expected loss percentages of would be a rough indication that the Experience is on track to produce the lifetime anticipated loss percentage. The new forms incorporate considerable changes in structure and purpose and are based on including additional calendar years of Experience to prior results.

8 To more appropriately compare the actual results with expectation, the expected values are based on the exposure at the beginning of that year, not the original assumed sales distribution used when completing the original forms. As such, great care should be taken in comparing results from this report with results from prior published Reports . The new Form 1 focuses on the critical assumptions of morbidity and persistency while still presenting high-level loss ratio data. Prior-year values on the new forms will be filled in over time. Only information as of 2009 and subsequent years is required on the forms, unless it was required on the previous Long-Term care Experience Reporting Forms.

9 Companies are not required to supply information for spaces on the forms corresponding to any year prior to adoption of the forms, unless that information was previously reported. The new Form 2 focuses on the developing level of funds from the issue age premium basis and compares this to the active life reserve. Prior-year values will be filled in over time. For 2015, the current year is completed using the 2014 year-end contract reserve as the beginning Experience fund. The new Form 4 is to include life and annuity products that are not exempt as outlined in the NAIC Long-Term care Insurance Model Regulation (#641).

10 The new Form 5, which replaces the LTC Experience Form C, requires information at the state level. Form 3 data is not included in this report; however this data is available for purchase. To purchase this data, please contact (816)783-8300. Qualifications New Long-Term care Experience Reporting Forms were incorporated for the 2009 financial filing year and insurers were asked to complete both the original and new forms. The 2010 Long-Term care Insurance Experience Report was the first to be based off the new forms. Long-Term care Insurance Experience Reports from years prior to 2010 are based off the original forms.