Connecticut Seal

General Assembly

Amendment

 

February Session, 2014

LCO No. 3124

   
 

*SB0019903124SDO*

Offered by:

 

SEN. CRISCO, 17th Dist.

REP. MEGNA, 97th Dist.

 

To: Subst. Senate Bill No. 199

File No. 63

Cal. No. 83

"AN ACT CONCERNING LONG-TERM CARE INSURANCE PREMIUM RATE INCREASES. "

Strike lines 81 to 86, inclusive, in their entirety and insert the following in lieu thereof:

"(ii) Provide policyholders not less than thirty calendar days to elect a reduction in policy benefits; and

(iii) Include a statement in such notice that if a policyholder fails to elect a reduction in policy benefits by the end of the notice period and has not cancelled the policy, the policyholder will be deemed to have elected to retain the existing policy benefits."

Strike lines 163 to 168, inclusive, in their entirety and insert the following in lieu thereof:

"(ii) Provide certificate holders not less than thirty calendar days to elect a reduction in policy benefits; and

(iii) Include a statement in such notice that if a certificate holder fails to elect a reduction in policy benefits by the end of the notice period and has not cancelled the policy, the certificate holder will be deemed to have elected to retain the existing policy benefits."