| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 81R3214 AJA-D | |
| 2 | 2 | By: Nelson S.B. No. 789 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to loss ratio standards for long-term care benefit plans. | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. Section 1651.053, Insurance Code, is amended by | |
| 10 | 10 | adding Subsection (e) to read as follows: | |
| 11 | 11 | (e) The commissioner may enter into an agreement with an | |
| 12 | 12 | entity issuing a long-term care benefit plan under which the entity | |
| 13 | 13 | agrees that if the plan rates are increased, the entity will | |
| 14 | 14 | demonstrate and maintain a loss ratio for the plan that is higher | |
| 15 | 15 | than the loss ratio otherwise required to be demonstrated under | |
| 16 | 16 | rules governing rate increases for the plan if the commissioner | |
| 17 | 17 | determines that the increased rates comply with any other law | |
| 18 | 18 | governing long-term care benefit plan rates. | |
| 19 | 19 | SECTION 2. This Act takes effect September 1, 2009. |