It is enacted by the General Assembly as follows:

SECTION 1. Section 27-34.2-18 of the General Laws in Chapter 27-34.2 entitled "Long-Term Care Insurance" is hereby amended to read as follows:

{ADD 27-34.2-18. Long term care insurance advisory panel. -- ADD} There is hereby established an advisory panel to the department of business regulation for the purpose of examining minimum criteria for medicaid qualifying long term care insurance policies. The panel shall consist of the following:

(a) The director of the department of health and human services or his or her designee.

(b) A representative of the insurance industry to be appointed by the governor.

(c) The director of the department of business regulation or his or her designee.

(d) An attorney whose practice concentrates in elder law to be appointed by the speaker of the house.

(e) A member of the American Association of Retired Persons to be appointed by the speaker of the house.

(f) A representative of the Rhode Island Medical Society.

(g) The Director of the Department of Elderly Affairs or his or her designee.

(h) A representative of a visiting nurse association.

(i) Three (3) members of the house of representatives, no more than two (2) from the majority party.

(j) Two (2) members of the senate to be appointed by the majority leader, one (1) from each party.

The advisory panel shall report to the director of the department of business regulation on or before {DEL September 1, 1993 DEL} {ADD December 31, 1994 ADD} regarding recommended basic requirements for long term care insurance policies.

SECTION 2. This act shall take effect upon passage.