Long-term care insurance; premium rate increases, regulations.
Introduced: it can still change before the session ends.
- Stage
- Introduced
- Started in
- House
- Latest action
- Jul 21
Where it stands
Introduced (Current step)
Committee (Not started)
Floor (Not started)
Law (Not started)
What it does
Long-term care insurance; premium rate increases; regulations. Requires regulations promulgated by the State Corporation Commission for long-term care insurance rates to (i) provide a cap on premium rate schedule increases; (ii) require any capped premium rate schedule increase to be spread by the insurer over a period of not less than five years, during which time no further rate schedule increases may be requested; and (iii) prohibit additional premium rate schedule increases after prior cumulative rate schedule increases amount to 250 percent of the original premium. Under the bill, no additional rate increases shall be approved for a long-term care insurance policy that has already…
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Work with this bill
Where it goes next
While a bill can still move, the questions are about people and money in Virginia.
- Who sits in the seats that vote on itA roster is not a certified tally, and a filing is not a place on the ballot.
- Who funds the people decidingA receipt is not backing. A contribution does not establish a policy motive.
- Who is paid to be heardNaming an institution is the filer's account, not a record of any meeting.
- Bills still moving in VirginiaNewest first, the ones that can still change