AN ACT CONCERNING CONSUMER SAFEGUARDS FOR LONG-TERM CARE POLICIES.

Summary

The bill requires the state’s Office of Policy and Management to run an outreach program that teaches residents about long‑term care needs, financing options and insurance protections. It also sets new standards for which long‑term care policies can be sold, forces insurers to meet loss‑ratio and rate‑increase limits, and mandates regular loss‑loss reports to lawmakers. The changes aim to protect consumers and improve transparency in the state’s long‑term care insurance market.

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