Gov. Dannel Malloy (Governor's office photo)

Connecticut has added two new laws that could affect how issuers and sellers of long-term care insurance (LTCI) communicate with consumers.

Gov. Dannel Malloy, D, signed S.B. 9 and S.B. 199 into law earlier this month.

S.B. 9 calls for anyone taking an LTCI coverage application to make sure that the applicant understands that the cost of the coverage could increase.

The seller would have to provide a written warning that the premiums could go up, and the applicant would have to sign a document acknowledging that the application knew that the rates could go up.

If it were not physically possible for the applicant to sign a premium increase disclosure when submitting the application, the applicant would have to sign an acknowledgement by the time the policy was delivered.

S.B. 199 calls for an LTCI issuer to phase in any rate increase of 20 percent or more over a period of at least three years. 

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