CT SB00009

Requires insurance companies to provide full and fair written disclosure of benefits and limitations for long-term care policies at time of solicitation or application, effective January 1, 2015.

Mandates applicants sign an acknowledgment confirming receipt of written disclosure at time of application or no later than policy delivery.

Requires disclosure to include statements about potential rate increases, explanation of future premium revisions, current applicable premium rates, and information on all premium rate increases over the past ten years with specific policy forms and percentage amounts.

Allows insurance companies to exclude from disclosure premium rate increases on blocks of business acquired from other companies if increases occurred before acquisition, with limited exceptions for subsequent rate increase requests.

For employer/labor organization group policies, requires the policyholder to provide a copy of the disclosure to each eligible individual covered under the policy.