Connecticut HB 5304: AN ACT CONCERNING BOARD OF EDUCATION VACANCIES.

Bill Text

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General Assembly Substitute Bill No. 5304
February Session, 2026

AN ACT CONCERNING LONG-TERM CARE INSURANCE PREMIUM
RATES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. (NEW) (Effective January 1, 2027) The Insurance Department 1
shall hold a public hearing on any long-term care premium rate increase 2
request that exceeds ten per cent. The Insurance Department shall 3
provide notice of any such hearing electronically to the joint standing 4
committees of the General Assembly having cognizance of matters 5
relating to insurance and aging not less than fourteen days in advance 6
of such hearing. Any insurance company, fraternal benefit society, 7
hospital service corporation, medical service corporation or health care 8
center that requests such premium rate increase shall provide each 9
policyholder with written notice of the date and time of such hearing 10
not less than fourteen days in advance of such date. 11
Sec. 2. (NEW) (Effective January 1, 2027) No insurance company, 12
fraternal benefit society, hospital service corporation, medical service 13
corporation or health care center may deliver, issue for delivery, renew, 14
continue or amend any long-term care policy in this state on or after 15
January 1, 2027, unless such insurance company, fraternal benefit 16
society, hospital service corporation, medical service corporation or 17
health care center provides written notice to an individual prior to the 18
purchase of any long-term care policy of the risk of future premium rate 19

Substitute Bill No. 5304

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increases. 20
This act shall take effect as follows and shall amend the following
sections:

Section 1 January 1, 2027 New section
Sec. 2 January 1, 2027 New section

AGE Joint Favorable Subst.
APP Joint Favorable