An insurance agent who serves in the Missouri House has introduced H.R. 1095, a new version of a long-term care insurance (LTCI) rate review bill he introduced in March.
The agent, Rep. Paul Wieland, R-Imperial, Mo., says H.R. 1095 would require an LTCI issuer to get approval from the director of the Missouri Department of Insurance for LTCI risks and rates.
Wieland pre-filed the bill for the legislative session that is set to start Jan. 4, 2012.
The older version of the bill, H.B. 988, died without getting a committee hearing.
Wieland, the owner of Wieland Insurance Group L.L.C., High Ridge, Mo., is a member of the state House insurance policy committee.
The text of the new bill states that, “Rates for long-term care insurance shall not be excessive, inadequate, or unfairly discriminatory.”