New York A10746 mandates insurers to notify policyholders of premium rate changes for long-term care, including instructions on submitting comments.
New York A10746 amends the insurance law to require insurers, corporations, health maintenance organizations, and fraternal benefit societies to notify policyholders of any premium rate changes for long-term care policies. This notification must include a description of the decision and instructions on how to submit comments on the rate filing. The superintendent of the department must also post a public notice of the rate filing on the department's website within fourteen days. This act takes effect immediately.
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