• Introduced
    Jan 10, 2025
  • Passed Senate
  • Passed House
  • Became Law
SB 452
Connecticut Senate Bill
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AN ACT CONCERNING CONSUMER PROTECTIONS FOR LONG-TERM CARE INSURANCE POLICYHOLDERS. To: (1) Establish a four-year moratorium on long-term care insurance premium rate increases; (2) require that the Insurance Department hold a public hearing for long-term care premium rate increase requests that exceed five per cent; (3) establish a personal income tax deduction for individual long-term care insurance policyholders for whom the premium rate for such policy increased by more than five per cent in a taxable year; and (4) establish a task force to (A) study the long-term care insurance industry, including, but not limited to, premium costs and alternative policy structures, including state-funded insurance pools for long-term care policyholders, and (B) provide recommendations to improve long-term care insurance affordability and coverage.
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Senate • Jan 10, 2025: Referred to Joint Committee on Insurance and Real Estate

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  • Jan 10, 2025 | Senate
    • Referred to Joint Committee on Insurance and Real Estate
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