General Assembly Proposed Bill No. 469
January Session, 2011 LCO No. 2362
Referred to Committee on Insurance and Real Estate
Introduced by:
SEN. KELLY, 21st Dist.
General Assembly
Proposed Bill No. 469
January Session, 2011
LCO No. 2362
Referred to Committee on Insurance and Real Estate
Introduced by:
SEN. KELLY, 21st Dist.
AN ACT REQUIRING CERTAIN DISCLOSURES FOR LONG-TERM CARE POLICIES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 38a of the general statutes be amended to require insurers to provide to prospective insureds at the time of solicitation or application for purchase or sale of long-term care coverage, clear and conspicuous disclosure that premiums for such policy may increase at any time over the life of the policy and that the insurer may cancel such policy for failure of the insured to pay the increased premium.
Statement of Purpose:
To require insurers to provide to prospective insureds at the time of solicitation or application for purchase or sale of long-term care coverage, clear and conspicuous disclosure that premiums for such policy may increase at any time over the life of the policy and that the insurer may cancel such policy for failure of the insured to pay the increased premium.