Bill > S02330

This bill amends the insurance law to require the Superintendent of Financial Services to make any rate filing or application submitted by long-term care insurance carriers publicly available on the Department's website. The bill also requires certain notices to be provided to policyholders and certificate holders regarding premium rate increases, including information on the review process, past rate increases, and options to mitigate or cancel the policy. The bill also provides for a public comment period on any rate filing or application prior to the Superintendent's decision.