§431:10H-226.5 Initial filing requirements. (a) This section applies to any long-term care policy issued in this State after December 31, 2007.
(b) An insurer shall provide the information listed in this subsection to the commissioner for approval sixty days prior to making a long-term care insurance form available for sale as follows:
(c) The commissioner may request an actuarial demonstration that benefits are reasonable in relation to premiums. The actuarial demonstration shall include either premium and claim experience on similar policy forms, adjusted for any premium or benefit differences, or relevant and credible data from other studies, or both. If the commissioner asks for additional information under this subsection, the period in subsection (b) does not include the period during which the insurer is preparing the requested information. [L 2007, c 233, pt of §4; am L 2009, c 49, §2; am L 2017, c 151, §6]