| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 97 1 of 2 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 21 | |
| 6 | 6 | January Session, 2021 | |
| 7 | 7 | LCO No. 97 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on INSURANCE AND REAL ESTATE | |
| 11 | 11 | ||
| 12 | 12 | ||
| 13 | 13 | Introduced by: | |
| 14 | 14 | SEN. ANWAR, 3rd Dist. | |
| 15 | 15 | ||
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | AN ACT CONCERNING LONG -TERM CARE INSURANCE. | |
| 19 | 19 | Be it enacted by the Senate and House of Representatives in General | |
| 20 | 20 | Assembly convened: | |
| 21 | 21 | ||
| 22 | 22 | That title 38a of the general statutes be amended to: (1) Cap certain 1 | |
| 23 | 23 | long-term care insurance premium rate increases at the rate of inflation 2 | |
| 24 | 24 | for long-term care insurance policies for three years; (2) require an 3 | |
| 25 | 25 | insurer that purchases a group long-term care insurance policy from 4 | |
| 26 | 26 | another insurer to honor the contractual obligations of the transferring 5 | |
| 27 | 27 | insurer to the consumer as determined on the date that the transferring 6 | |
| 28 | 28 | insurer delivered or issued such policy to the consumer; and (3) 7 | |
| 29 | 29 | establish the Consumer Advocacy Group Regarding Long-Term Care 8 | |
| 30 | 30 | Insurance to advise the General Assembly regarding long-term care 9 | |
| 31 | 31 | insurance. 10 | |
| 32 | 32 | Statement of Purpose: | |
| 33 | 33 | To: (1) Cap certain long-term care insurance premium rate increases at | |
| 34 | 34 | the rate of inflation for long-term care insurance policies for three years; | |
| 35 | 35 | (2) require an insurer that purchases a group long-term care insurance | |
| 36 | 36 | policy from another insurer to honor the contractual obligations of the | |
| 37 | 37 | transferring insurer to the consumer as determined on the date that the | |
| 38 | 38 | transferring insurer delivered or issued such policy to the consumer; Proposed Bill No. 21 | |
| 39 | 39 | ||
| 40 | 40 | ||
| 41 | 41 | LCO No. 97 2 of 2 | |
| 42 | 42 | ||
| 43 | 43 | and (3) establish the Consumer Advocacy Group Regarding Long-Term | |
| 44 | 44 | Care Insurance to advise the General Assembly regarding long-term | |
| 45 | 45 | care insurance. |