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 get prior approval from New Jersey's Insurance Commissioner before setting premium rates for group-based long-term care insurance policies. Currently, only individual long-term care insurance rate filings need this approval; the bill extends this requirement to group plans. The key change modifies existing law to mandate that all group rate filings include documentation proving rates are fair, reasonable, and comply with state loss ratio standards. This directly affects insurers selling group long-term care coverage in New Jersey, ensuring rates are reviewed for fairness before being implemented.