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

This bill requires insurers to get prior approval from New Jersey's Commissioner of Banking and Insurance before implementing new rates for long-term care insurance sold to groups (such as employers or associations). Currently, only individual long-term care insurance rates need this approval. The change ensures group policy rates undergo commissioner review to confirm they're not excessive, inadequate, or unfairly discriminatory, and that benefits match the premium charged. This directly affects insurers offering group long-term care plans in New Jersey.