AN ACT CONCERNING LONG-TERM CARE INSURANCE.
To: (1) Cap certain long-term care insurance premium rate increases at the rate of inflation for long-term care insurance policies for three years; (2) require an insurer that purchases a group long-term care insurance policy from another insurer to honor the contractual obligations of the transferring insurer to the consumer as determined on the date that the transferring insurer delivered or issued such policy to the consumer; and (3) establish the Consumer Advocacy Group Regarding Long-Term Care Insurance to advise the General Assembly regarding long-term care insurance.
Introduced by:Sen. Saud Anwar, 3rd Dist.
|New today||2-4 days old||5 days & older|
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Co-sponsors for Amendment LCO:
|1/8/2021||Referred to Joint Committee on Insurance and Real Estate|