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

This bill requires insurers to obtain prior approval from the Commissioner of Banking and Insurance for rates on group-based long-term care insurance policies, expanding an existing requirement that previously applied only to individual policies. It directly affects insurance companies selling group long-term care plans in New Jersey. The key change mandates that all group rate filings must demonstrate compliance with state loss ratio standards and that rates are not excessive, inadequate, or unfairly discriminatory - aligning group policies with the same regulatory review as individual policies.