The Insurance Commissioner, Al Redmer, Jr., will hold a public hearing on January 22nd on the state of long term care insurance and appropriate regulatory guidelines including discussion of premium rate increase requests and policyholder protections.
Maryland Insurance Administration
200 St. Paul Place, Suite 2700, Baltimore, Maryland 21202
Facsimile: 410-468-2020 www.insurance.maryland.gov
AL REDMER, JR. Commissioner
NANCY GRODIN Deputy Commissioner
Please take notice that the Insurance Commissioner, Al Redmer, will hold a public hearing on the state of long term care insurance and appropriate regulatory guidelines including discussion of premium rate increase requests and policyholder protections. In order to hold an effective hearing, the Maryland Insurance Administration is reaching out to consumers, insurance companies, and other interested parties to provide the opportunity to share statements or testimony about the state of the long term care insurance industry. In that regard, Commissioner Al Redmer would like to invite you to our public informational hearing. The Maryland Insurance Administration asks the following questions be addressed, if applicable:
• What are the pros and cons of Maryland’s 15% long term care rate increase cap?
• What is your personal experience with the long term care insurance?
• What are the key drivers for long term care insurers’ significant premium increases?
• What are the key steps to prevent or mitigate the impacts of long term care insurance premium increases?
• What are the key steps to improve long term care insurance consumer protections and claims practices?
• What is the current state of the older long term care insurance blocks of business?
• What is the future of long term care insurance as an option in funding long term care?
The hearing will be held at the following time and location: Friday, January 22, 2016
10 A.M. to 1 P.M.
Community College of Baltimore County
Center for the Arts, Theater
800 S. Rolling Rd. Catonsville, MD 21228
Interested parties also are encouraged to submit written comments. Written comments and RSVPs should be sent to Adam Zimmerman by January 20, 2016, either by email to firstname.lastname@example.org or by mail to 200 St. Paul Place, Suite 2700, Baltimore, Md.
21202 or by fax to 410-468-2038.
Any questions regarding this matter should be directed to Adam Zimmerman, Actuarial Analyst by phone to 410-468-2048, or by e-mail to email@example.com.