CT SB00808

Requires the Insurance Commissioner to hold a public symposium before approving any long-term care policy rate increase of more than 10 percent, except for policies precertified under the Connecticut Partnership for Long-Term Care.

The Commissioner must set a symposium date within five business days of receiving a rate filing and post the date, place, and time on the Insurance Department website, with the symposium held no later than 60 calendar days before the proposed effective date.

The Commissioner must consider all oral and written public comments from the symposium when deciding whether to approve, disapprove, or modify a rate filing.

Applies the public comment requirement to both individual long-term care policies (with a 60% minimum loss ratio) and group long-term care policies (with a 65% minimum loss ratio).

Takes effect on January 1, 2014, and amends Connecticut General Statutes sections 38a-501 and 38a-528.