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CT HB06245

Bill

Official Source

Status

Introduced

1/29/2021

Primary Sponsor

Matt Blumenthal

Click for details

Origin

House of Representatives

2021 General Assembly

AI Summary

  • Amends Connecticut General Statutes sections 38a-501 and 38a-528 regarding long-term care insurance regulation

  • Requires insurers filing rate increases of 20% or more on long-term care insurance policies to spread those increases over a minimum of five years

  • Protects policyholders from sudden large premium increases by mandating gradual implementation of significant rate hikes

Legislative Description

An Act Concerning Long-term Care Insurance Premium Rate Increases.

Last Action

Referred to Joint Committee on Insurance and Real Estate

1/29/2021

Committee Referrals

Insurance and Real Estate1/29/2021

Full Bill Text

No bill text available