SB1067 - Prohibits annual rate increases in long-term care insurance policies from exceeding the Consumer Price Index for All Urban Consumers, plus five percent annually

SB 1067

Prohibits annual rate increases in long-term care insurance policies from exceeding the Consumer Price Index for All Urban Consumers, plus five percent annually

Sponsor:

Sifton

LR Number:

5725S.01I

Committee:

Insurance and Banking

Last Action:

5/1/2020 - Second Read and Referred S Insurance and Banking Committee

Journal Page:

S838

Title:

Calendar Position:

Effective Date:

August 28, 2020

Current Bill Summary

SB 1067 - This act provides that no long-term care insurance policy shall increase premium rates in excess of the percentage change in the Consumer Price Index for All Urban Consumers or its successor index, as published by the federal Bureau of Labor statistics or its successor agency, plus five percent annually.

ERIC VANDER WEERD

Amendments

No Amendments Found.