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LTC insurance regulation on hold until 2004

The regulation of long term care insurance has been pushed back until 2004 to coincide with the introduction of mortgage and general insurance regulation a Treasury source has confirmed.

The news will not come as a shock to many in the LTC industry who are still waiting for consultation from the Government on the details of what legislation would look like.

Regulation of LTC was due not before January 2003 with the Treasury now saying it will not be introduced until the following year.

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