Substitute for Raised S.B. No. 199
Session Year 2014
AN ACT CONCERNING LONG-TERM CARE INSURANCE PREMIUM RATE INCREASES.
To require insurers that file a rate increase of twenty per cent or more for an individual or a group long-term care insurance policy to spread such increase over not less than three years and to make available to policyholders and certificate holders the additional option to reduce policy benefits to reduce the premium rate.
Insurance and Real Estate Committee
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Co-sponsors of SB-199
Rep. Elizabeth A. Boukus, 22nd Dist.
Rep. Mary G. Fritz, 90th Dist.
Rep. Stephen G. Walko, 150th Dist.
Rep. Livvy R. Floren, 149th Dist.
Rep. Noreen S. Kokoruda, 101st Dist.
Rep. Anthony J. D'Amelio, 71st Dist.
Rep. David Rutigliano, 123rd Dist.
Rep. Richard A. Smith, 108th Dist.
Rep. Brenda L. Kupchick, 132nd Dist.
Rep. Daniel S. Rovero, 51st Dist.
Rep. Dave W. Yaccarino, 87th Dist.
Rep. Christopher A. Wright, 77th Dist.
Rep. Patricia Billie Miller, 145th Dist.
Sen. Joseph J. Crisco, 17th Dist.
Sen. Anthony J. Musto, 22nd Dist.
Sen. Carlo Leone, 27th Dist.
Sen. Steve Cassano, 4th Dist.
Sen. Andrea L. Stillman, 20th Dist.
Sen. Kevin D. Witkos, 8th Dist.
Rep. Louis P. Esposito, 116th Dist.
Rep. Joseph C. Serra, 33rd Dist.