MY LETTER FOR TODAY!

FEBRUARY 2, 2009

ROBERT BRACKBILL
CHIEF, COMPANY LICENSING DIVISION
INSURANCE DEPARTMENT
1345 STRAWBERRY SQUARE
HARRISBURG, PA 17120

DEAR MR. BRACKBILL:

I AM A HOLDER OF A CONSECO LONG-TERM CARE INSURANCE POLICY.

I AM IN ASSISTED LIVING AND CURRENTLY ON BENEFIT.
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WITH REGARD TO THE CURRENTLY OPERATING SENIOR HEALTH CARE TRUST OF PENNSYLVANIA, I HAVE SEVERAL QUESTIONS.

a. WHAT IS THE STATE INSURANCE DEPARTMENT'S CONTINGENCY PLAN IF THE TRUST BECOMES INSOLVENT?

b. IS THE INSURANCE DEPARTMENT MONITORING THE TRUST'S DECISIONS AND PERFORMANCE?

c. IS THERE A STATE OMBUDSMAN REPRESENTING POLICYHOLDER INTERESTS?

THESE QUESTIONS ARE IMPORTANT TO ME, AS I RECEIVE MONTHLY BENEFITS TO PAY MY RENT. I'M AWARE OF THE STATE GUARANTEE FUND, BUT IS IT SUFFICIENT TO COVER 171,000 LTC POLICIES? AND, IN THE EVENT OF INSOLVENCY, IS IT REALLY A GOOD FALLBACK POSITION?

WHY IS CONSECO ALLOWED TO WALK AWAY FROM THE LTC POLICIES IT INITIATED, WITH NO COURT REVIEW? HOW IS NOT INFORMING POLICYHOLDERS OF THE TRUST HOLDING THEIR POLICIES CONSIDERED AN ETHICAL DECISION IN SPITE OF STATE LAW NOT REQUIRING IT?

WHY WERE MY CONCERNS NOT ADDRESSED IN A PUBLIC MEETING PRIOR TO THE TRUST'S APPROVAL?

WHY WAS THE TRUST APPROVED WITHIN BARELY A MONTH'S TIME AFTER A FORMAL (FORM A) REQUEST WAS SUBMITTED BY CONSECO? WHY WAS THERE NO COURT REVIEW OF THE APPLICATION?

RESPECTFULLY AWAITING YOUR REPLY,
WILLIAM SILVERMAN