Long-Term Care Insurance - Premium Rate Increases - Restriction (Equity in Long-Term Care Insurance Premiums Act)
What this bill does
Prohibiting a carrier from imposing a premium rate increase for a policy or contract of long-term care insurance in a year in which the carrier, or any entity with which the carrier is affiliated, pays a dividend, or comparable payment, to its shareholders or a bonus or benefit to any of the executive officers of the carrier or any entity with which the carrier is affiliated that is in addition to the contractually fixed compensation provided to the executive officers for certain services; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (4)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Written (PDF) |
| FAV | Brocato, Barbaralobbyist | Individual | Written (PDF) |
| FAV | Senator Kramer, Senator Kramerlegislator | Individual | Oral |
| UNF | Karkhanis, Neallobbyist | Individual | Oral + Written (PDF) |