SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2023 SESSION
HB 2215 Long-term care insurance; rate increases, notice requirements.
Introduced by: Kathy K.L. Tran | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Long-term care insurance; rate increases; notice requirements. Requires an insurer of long-term care insurance policies to issue a written notice to each policyholder of the insurer's filing for a rate increase with the State Corporation Commission within 60 days of making such filing. Additionally, the bill requires the insurer to (i) if the Commission denies the rate increase, issue a written notice to each policyholder of the Commission's final decision to deny the rate increase or (ii) if the Commission approves the rate increase, issue a written notice to policyholders of the rate increase at least 90 days before its effective date that includes certain information. The bill requires the Commission to consider, to the extent practicable, how the rate increase will impact policyholders in reviewing requests to increase long-term care insurance rates.
FULL TEXT
HISTORY
- 01/11/23 House: Prefiled and ordered printed; offered 01/11/23 23103646D
- 01/11/23 House: Referred to Committee on Commerce and Energy
- 01/25/23 House: Assigned sub: Subcommittee #4
- 01/26/23 House: Subcommittee recommends laying on the table (5-Y 3-N)
- 02/07/23 House: Left in Commerce and Energy