Day(s)
As of: 4/18/2024 11:56:00 PM
Board Meeting
The Maryland Insurance Administration will conduct a public hearing on specific rate increase requests being made by certain long-term care insurance carriers operating in Maryland. The rate increase requests are from LifeSecure Insurance Company, and Massachusetts Mutual Life Insurance Company.
The purpose of the hearing is for insurance company officials to explain the reasons for the rate increases, to explain the new benefit options and for the MIA to consider whether the proposed rate increase is in compliance with Maryland’s laws and regulations relating to long term care insurance.