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.

Introduced by:
Insurance and Real Estate Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 3/27/2025(LCO)File Number 283
 3/27/2025Senate Calendar Number 184
 3/27/2025Favorable Report, Tabled for the Calendar, Senate
 3/27/2025(LCO)Reported Out of Legislative Commissioners' Office
 3/21/2025(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM
 3/11/2025(LCO)Filed with Legislative Commissioners' Office
 3/11/2025(INS)Joint Favorable Substitute
 2/7/2025Public Hearing 02/11
 2/6/2025Referred to Joint Committee on Insurance and Real Estate

Co-sponsors of SB-1269

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