CT HB06321

Requires insurers to provide written disclosure of benefits and limitations at time of solicitation or application for long-term care policies, effective October 1, 2013.

Mandates disclosure include: statement that policy may have future rate increases, explanation of potential premium revisions and policyholder options, current applicable premium rate, when revisions become effective, and premium rate increase history over past ten years for the policy form.

Requires applicants to sign acknowledgment at time of application (or at delivery if application method prevents earlier signature) confirming receipt of written disclosure.

Removes prior exemptions from disclosure requirements for group long-term care policies offered through employers, labor organizations, and noncontributory plans.

Extends disclosure requirements to life insurance policies with long-term care benefits and to combined life/annuity policies with long-term care riders.