Requires prior approval from Commissioner of DOBI for rate filings for long-term care insurance issued on group basis.

This bill requires insurance companies to obtain prior approval from New Jersey's Commissioner of Banking and Insurance (DOBI) before implementing new rates for group-based long-term care insurance policies. Currently, only individual policy rates require such approval; this bill extends the requirement to group plans, which are typically offered through employers or organizations. Insurers must submit rates, rating details, and documentation proving compliance with state standards for fairness and reasonableness before filing. The change directly affects insurers selling group long-term care coverage in New Jersey, aligning group rate oversight with existing rules for individual policies.