AN ACT ESTABLISHING CONTRACTED PREMIUM RATES FOR LONG-TERM CARE INSURANCE POLICIES.

This bill would require long-term care insurance companies to use specific, standardized premium rates set by the state, replacing variable rates they might otherwise charge. It directly affects insurance providers selling long-term care policies and policyholders who purchase them. The key mechanism is establishing these fixed rates in state law (amending title 38a of general statutes), creating uniform pricing for coverage. This aims to increase predictability and consistency in long-term care insurance costs for consumers.