Legislation

Title: Long-Term Care Insurance - Premium Rate Increases - Restriction (Equity in Long-Term Care Insurance Premiums Act)
Sponsored by: Senator Kramer
Status: In the Senate - Hearing 2/03 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Prohibiting a carrier from imposing a premium rate increase for a policy or contract of long-term care insurance in a year in which the carrier, or any entity with which the carrier is affiliated, pays a dividend, or comparable payment, to its shareholders or a bonus or benefit to any of the executive officers of the carrier or any entity with which the carrier is affiliated that is in addition to the contractually fixed compensation provided to the executive officers for certain services; etc.

Committees

Original:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: SB0474 Session: 2019 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2021

History

Legislation History
Chamber Senate Calendar Date 1/15/2021 Legislative Date 1/15/2021 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 1/15/2021 Legislative Date 1/15/2021 Action Hearing 2/03 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Long-Term Care Insurance - Premium Rate Increases - Restriction (Equity in Long-Term Care Insurance Premiums Act) Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/15/2021	1/15/2021	First Reading Finance
Senate	1/15/2021	1/15/2021	Hearing 2/03 at 1:00 p.m.
			Text - First - Long-Term Care Insurance - Premium Rate Increases - Restriction (Equity in Long-Term Care Insurance Premiums Act)

File Code

Subjects

Statutes