| Sec. 7. Annual reports. Beginning March 1, 2000, the Bureau of |
| Insurance shall collect information on long-term care insurance |
| and provide a report by March 1st each year to the Commissioner |
| of Human Services, the Joint Standing Committee on Health and |
| Human Services and the public. The information collected must |
| include the number and types of policies purchased by consumers, |
| the cost of premiums, daily benefit levels and the duration of |
| benefits. Information must also be collected on policies paying |
| benefits to or for consumers, including the types of policies, |
| daily benefit levels and the remaining duration of benefits. The |
| bureau shall also conduct a study of the use of individual income |
| tax credits as incentives to encourage the purchase of long-term |
| care insurance. The study must analyze the effectiveness of tax |
| credits in encouraging the purchase of long-term care insurance |
| in other states and the anticipated cost to the State from |
| establishing a tax credit for all or part of the premium cost of |
| qualifying long-term care policies. The bureau shall provide a |
| report to the Joint Standing Committee on Health and Human |
| Services by January 1, 2000. |