Virginia SCC Seeking Public Comment on Long-Term Care Insurance Rules

January 15, 2014

Virginia’s State Corporation Commission is reviewing rules governing long-term care insurance to determine whether revisions are needed.

The SCC said Tuesday that it is seeking public comment on the rules.

Comments and suggestions also are being sought on a recent report by the SCC’s Bureau of Insurance.

The report identified reasons why rates have increased for many policyholders in recent years.

The SCC says in a news release that it directed the Bureau of Insurance to study premium rate increases since 2009.

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