Bill Text: CT SB00039 | 2013 | General Assembly | Introduced
Bill Title: An Act Concerning Public Hearings For Long-term Care Insurance Rate Increase Requests.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-01-09 - Referred to Joint Committee on Insurance and Real Estate [SB00039 Detail]
Download: Connecticut-2013-SB00039-Introduced.html
General Assembly |
Proposed Bill No. 39 |
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January Session, 2013 |
LCO No. 32 | ||||
Referred to Committee on INSURANCE AND REAL ESTATE |
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Introduced by: |
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SEN. CRISCO, 17th Dist. |
AN ACT CONCERNING PUBLIC HEARINGS FOR LONG-TERM CARE INSURANCE RATE INCREASE REQUESTS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 38a of the general statutes be amended to require the Insurance Department to hold a public hearing for long-term care insurance premium rate increase requests greater than ten per cent and to require policyholders be sent advance notice of such increase request and hearing.
Statement of Purpose:
To allow for public input when insurance companies request a long-term care insurance premium increase of greater than ten per cent.