HB2612 requires insurers to submit long-term care insurance premium rate filings to the Department of Commerce and Insurance starting August 28, 2026.
HB2612 mandates that insurers submit long-term care insurance premium rate filings to the Department of Commerce and Insurance on or after August 28, 2026. The director of the Department of Commerce and Insurance must approve or disapprove these rates. If the director disapproves a rate, they must provide reasons and inform the insurer of their right to appeal. The director can disapprove previously approved rates at any time, provided they give written notice to the insurer.
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- Critical Issues
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