Passed BothConf. Cmte
- Long-Term Care Insurance - Premium Rate Increases - Restriction (Equity in Long-Term Care Insurance Premiums Act)
- Sponsored by
- Senator Kramer
- In the Senate - Hearing 2/03 at 1:00 p.m.
- Fiscal and Policy Note
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.
Bill File Type: Regular
Effective Date(s): October 1, 2021
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( 11-703 )
Last Updated: 4/1/2021 6:14 PM