Insurers to submit long-term care insurance premium rate filings to the Department of Commerce and Insurance on or after August 28, 2026, and includes director of DCI's responsibility to approve or disapprove the rates

Summary

The bill would force insurers to file any long‑term care insurance premium rate schedules with the Missouri Department of Commerce and Insurance before the rates can be used. The department’s director could reject or modify rates that are unreasonable, excessive, or discriminatory, and must notify insurers within set time limits. It impacts insurers and policyholders by adding state oversight to how premiums are set.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share