Connecticut Senate Bill 29 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2023 - 25% progression, died in committee
Action: 2023-01-12 - Referred to Joint Committee on Insurance and Real Estate
Pending: Joint Insurance and Real Estate Committee
Text: Latest bill text (Introduced) [PDF]

To: (1) Require that the Insurance Department conduct a study evaluating an alternative pool for long-term care insurance policyholders; (2) require that the Insurance Department hold a public hearing for long-term care insurance premium rate increase requests that exceed seven per cent; (3) require that an insurer provide written notice to an individual prior to the purchase of a long-term care insurance policy of the risk of premium rate increases; (4) establish a tax credit for an individual that purchases a long-term care insurance policy; (5) allow for a tax deduction on a premium for a long-term care insurance policy that is increased above the baseline; and (6) establish a task force to study the long-term care insurance industry.

An Act Concerning The Regulation Of Long-term Care Insurance Premium Costs.

Sen. Saud Anwar [D]

Date	Chamber	Action
2023-01-12	Senate	Referred to Joint Committee on Insurance and Real Estate

Type	Source
Summary	https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00029&which_year=2023
Text	https://www.cga.ct.gov/2023/TOB/S/PDF/2023SB-00029-R00-SB.PDF