ConnecticutSB 012692025 Regular SessionSenateWALLET

AN ACT CONCERNING LONG-TERM CARE INSURANCE.

Sponsored By: Insurance and Real Estate Committee

Failed

Summary

To: (1) Require the Insurance Department to conduct a study concerning an alternative pool for long-term care policyholders; (2) require a public hearing concerning long-term care premium rate increase requests in excess of ten per cent; (3) require notice to individuals of the risk of long-term care premium rate increases prior to the purchase of any long-term care policy; (4) limit premium rate increases for certain long-term care policies renewed in this state; (5) allow life insurance companies to issue annuity contracts with long-term care riders; (6) implement a tax credit for individuals who purchase long-term care policies; and (7) require the Insurance Department to conduct a study of the long-term care premium rate filing process.

insurance and real estate

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Insurance and Real Estate Committee

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 12 • No: 1

Senate vote • 3/11/2025

INS Vote Tally Sheet (Joint Favorable Substitute)

Yes: 12 • No: 1

Actions Timeline

  1. File Number 283

    3/27/2025legislature
  2. Senate Calendar Number 184

    3/27/2025Senate
  3. Favorable Report, Tabled for the Calendar, Senate

    3/27/2025Senate
  4. Reported Out of Legislative Commissioners' Office

    3/27/2025legislature
  5. Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM

    3/21/2025legislature
  6. Filed with Legislative Commissioners' Office

    3/11/2025legislature
  7. Joint Favorable Substitute

    3/11/2025legislature
  8. Public Hearing 02/11

    2/7/2025legislature
  9. Referred to Joint Committee on Insurance and Real Estate

    2/6/2025legislature

Bill Text

  • File No. 283

    3/27/2025

  • INS Joint Favorable Substitute

    3/11/2025

  • Raised Bill

    2/6/2025

  • Bill Analysis For File Copy 283

  • Fiscal Note For File Copy 283

  • Fiscal Note for Amendment LCO 10415 (See Fiscal Note Details)

  • INS Joint Fav. Rpt

  • INS Vote Tally Sheet (Joint Favorable Substitute)

  • Senate LCO Amendment #10415 (J)

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