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NJ S2354

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

John McKeon

Click for details

Origin

Senate

2026-2027 Regular Session

AI Summary

  • Extends prior approval requirements for long-term care insurance rate filings to include group policies, in addition to individual policies already subject to this requirement
  • Insurers must file rates, rating schedules, and supporting documentation with the Commissioner of Banking and Insurance demonstrating compliance with state loss ratio standards
  • Rate filings must show that benefits are reasonable relative to premiums and that rates are not excessive, inadequate, or unfairly discriminatory
  • Amends P.L.2003, c.207 (C.17B:27E-11) and takes effect immediately upon enactment

Legislative Description

Requires prior approval from Commissioner of DOBI for rate filings for long-term care insurance issued on group basis.

Commerce

Last Action

Introduced in the Senate, Referred to Senate Commerce Committee

1/13/2026

Committee Referrals

Commerce1/13/2026

Full Bill Text

No bill text available