Substitute for Raised S.B. No. 1269
Session Year 2025


AN ACT CONCERNING LONG-TERM CARE INSURANCE.

To: (1) Require the Insurance Department to conduct a study concerning an alternative pool for long-term care policyholders; (2) require a public hearing concerning long-term care premium rate increase requests in excess of ten per cent; (3) require notice to individuals of the risk of long-term care premium rate increases prior to the purchase of any long-term care policy; (4) limit premium rate increases for certain long-term care policies renewed in this state; (5) allow life insurance companies to issue annuity contracts with long-term care riders; (6) implement a tax credit for individuals who purchase long-term care policies; and (7) require the Insurance Department to conduct a study of the long-term care premium rate filing process.


Other Bills with Similar Topics

  Disclosure 

 

  Fraternal benefit societies 

  Hospital service corporations 

  Insurance companies 

  Insurance rates 

  Insurance Department 

 

  Long term care insurance 

  Medical service corporations 

  Public hearings 

 

  Reports 

 

  Tax credits