# Virginia HB997: Long-term care insurance; premium rate increases, regulations.

Virginia HB997, Long-term care insurance; premium rate increases, regulations., is a 2026 Regular Session House bill sponsored by Holly M. Seibold (Democratic); status in committee, last action 2026-02-12 (Continued to 2027 in Labor and Commerce (Voice Vote)) (as of 2026-10-11).

- Canonical: https://policyrisk.com/state-bill/VA-HB997-2026
- As of: 2026-10-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB997
- State: Virginia
- Session: 2026 Regular Session
- Title: Long-term care insurance; premium rate increases, regulations.
- Status: in committee
- Chamber: House
- Introduced: 2026-01-14
- Last action: 2026-02-12, Continued to 2027 in Labor and Commerce (Voice Vote)
- Sponsor: Holly M. Seibold (Democratic)
- Cosponsors: 0
- Subjects: Subcommittee #1
- Touches household money: no
- Roll calls: 2 (0 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

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 reached or surpassed the limit of 250 percent of its original premium. The bill directs the Commission to adopt regulations to implement the provisions of this act, including by establishing a regulatory cap on premium rate schedule increase for long-term care insurance policies that is no more than 30 percent of the maximum amount of premium rate schedule increase permitted under current regulations, as calculated on the request date of the premium rate increase.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Holly M. Seibold (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-02-12 | House | Continued to 2027 in Labor and Commerce (Voice Vote) | pass | 0 | 0 |   |
| 2026-02-10 | House | Subcommittee recommends continuing to 2027 (Voice Vote) | pass | 0 | 0 |   |

## Actions (5)

- 2026-02-12: Continued to 2027 in Labor and Commerce (Voice Vote) (House)
- 2026-02-10: Subcommittee recommends continuing to 2027 (Voice Vote) (House)
- 2026-01-22: Assigned HCL sub: Subcommittee #1 (House)
- 2026-01-14: Referred to Committee on Labor and Commerce (House)
- 2026-01-14: Prefiled and ordered printed; Offered 01-14-2026 26100506D (House)

## Bill text

- Introduced, 2026-01-14: [HTML](https://lis.blob.core.windows.net/files/1086842.HTML), [PDF](https://lis.blob.core.windows.net/files/1086840.PDF)

## Related bills

- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)
- HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed)
- HB675: Protection of employees; coercion or threat based on immigration status, civil penalty. (signed)

## Sources
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1086842.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1086840.PDF)

## Related
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026)
- [HB675: Protection of employees; coercion or threat based on immigration status, civil…](https://policyrisk.com/state-bill/VA-HB675-2026)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB997-2026 (as of 2026-10-11).