CT SB00469

Requires insurers to provide written disclosure of long-term care policy benefits and limitations at time of solicitation or application, effective October 1, 2011

Mandates disclosure include: statement that rates may increase, explanation of future premium rate revisions, current applicable premium rate or schedule, ten-year history of rate increases on same or similar policy forms, and a completed copy of Appendix F from the National Association of Insurance Commissioners' Long-Term Care Insurance Model Regulation

Requires policyholders to initial disclosure documents at policy execution, with insurers retaining signed copies and providing copies to eligible individuals

Extends disclosure requirements to life insurance policies with long-term care benefits and to combined life/health/annuity policies that include long-term care coverage

Exempts group long-term care policies provided to employers, labor organizations, trusts, or as noncontributory plans from disclosure requirements