2001 Regular Session

HOUSE BILL 1396

CHAPTER NUMBER: 329 File Code: Insurance - Health
Sponsored By:
Delegate McHale
Entitled:
Long-Term Care Insurance - Loss Ratios - Premium Increases

Synopsis:

Repealing provisions of law that relate to benefits under long-term care insurance policies or certificates being considered reasonable in relation to premiums if the expected loss ratio is at least 60% and is calculated in a specified manner; and clarifying that a carrier may impose a premium increase to policies or contracts of long-term care insurance under specified circumstances.

History by Legislative Date

House Action
2/26
First Reading House Rules and Executive Nominations
3/5
Re-referred Economic Matters
3/7
Hearing 3/14 at 1:00 p.m.
3/22
Favorable with Amendments Report by Economic Matters
3/19
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (138-0)
4/2
Returned Passed
4/20
Signed by the Governor Chapter 329
Senate Action
3/26
First Reading Finance
3/28
Hearing 4/3 at 1:00 p.m.
4/5
Favorable Report by Finance
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (47-0)
Bill indexed under the following Subjects:
HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS
INSURANCE ADMINISTRATION
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
LONG TERM CARE -see also- CONTINUING CARE; NURSING HOMES
PRICES -see also- CONSUMER PRICE INDEX
Bill affects the following Statutes:
Insurance
( 18-115 , 18-116 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 393993/1 (PDF)     Offered on: March 22, 2001   at: Noon     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 20, 2001: Third Reading Passed (138-0)
Senate
April 3, 2001: Third Reading Passed (47-0)