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

Virginia HB997, Long-term care insurance; premium rate increases, regulations., is a 2027 Regular Session House bill sponsored by Holly M. Seibold (Democratic); status in committee, last action 2026-07-21 (Continued from last session) (as of 2026-10-11).

- Canonical: https://policyrisk.com/state-bill/VA-HB997-2027
- 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: 2027 Regular Session
- Title: Long-term care insurance; premium rate increases, regulations.
- Status: in committee
- Chamber: House
- Introduced: 2026-01-14
- Last action: 2026-07-21, Continued from last session
- Sponsor: Holly M. Seibold (Democratic)
- Cosponsors: 0
- Subjects: Subcommittee #1
- Touches household money: no
- 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

## Actions (6)

- 2026-07-21: Continued from last session (House)
- 2026-02-12: Continued to 2027 in Labor and Commerce (Voice Vote) (House)
- 2026-02-10: Subcommittee recommends continuing to 2028 (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/1228908.HTML), [PDF](https://lis.blob.core.windows.net/files/1228907.PDF)

## Related bills

- SB844: Licensed clinical psychologists; prescriptive authority; report. (in committee)
- HB1535: Individuals with developmental or intellectual disabilities; admissibility of statements. (introduced)
- HB1534: School service providers; deletion of student and family personal information. (introduced)
- SB843: Data centers; state permitting, local approval, moratorium, sunset. (in committee)
- SB842: High school student athletes; eligibility, enrollment. (in committee)
- SB840: Corrections, Director of the Department of; placement of inmates, Red Onion State Prison. (in committee)

## Sources
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1228908.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1228907.PDF)

## Related
- [SB844: Licensed clinical psychologists; prescriptive authority; report.](https://policyrisk.com/state-bill/VA-SB844-2027)
- [HB1535: Individuals with developmental or intellectual disabilities; admissibility of s…](https://policyrisk.com/state-bill/VA-HB1535-2027)
- [HB1534: School service providers; deletion of student and family personal information.](https://policyrisk.com/state-bill/VA-HB1534-2027)
- [SB843: Data centers; state permitting, local approval, moratorium, sunset.](https://policyrisk.com/state-bill/VA-SB843-2027)
- [SB842: High school student athletes; eligibility, enrollment.](https://policyrisk.com/state-bill/VA-SB842-2027)
- [SB840: Corrections, Director of the Department of; placement of inmates, Red Onion Sta…](https://policyrisk.com/state-bill/VA-SB840-2027)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB997-2027 (as of 2026-10-11).