Chapter 02 Long-Term Care Insurance — Premium Rates and Reserves

Chapter 02 Long-Term Care Insurance — Premium Rates and Reserves | Library of Maryland Regulations

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Title 31 MARYLAND INSURANCE ADMINISTRATION

Subtitle 14 LONG-TERM CARE

Chapter 02 Long-Term Care Insurance — Premium Rates and Reserves

Code of Maryland Regulations

Chapter 02 Long-Term Care Insurance — Premium Rates and Reserves

.01 Applicability and Scope.

.02 Definitions.

.03 Required Disclosure of Rating Practices to Consumers.

.04 Initial Filing Requirements.

.05 Loss Ratio.

.06 Premium Rate Schedule Increases.

.06-1 Premium Rate Schedule Increases for Policies Subject to Loss Ratio Limits Related to Original Filings.

.07 Exceptional Premium Rate Increases.

.08 Long-Term Care Personal Worksheet.

.09 Potential Rate Increase Disclosure Form.

.10 Reserve Standards.

.11 Claim Reserves.

.12 Premium Reserves.

.13 Contract Reserves.

.14 Reinsurance Effect on Reserves.

Administrative History Effective date: November 8, 1993 (20:22 Md. R. 1707) —————— Chapter recodified from COMAR 09.30.89 to COMAR 31.14.02 effective September 7, 1998 (25:18 Md. R. 1439) —————— Chapter revised effective April 1, 2002 (29:6 Md. R. 572) Regulation .01 amended effective September 1, 2014 (41:17 Md. R. 972) Regulation .03 amended effective February 27, 2017 (44:4 Md. R. 256) Regulation .04A amended effective February 27, 2017 (44:4 Md. R. 256) Regulation .04E —H adopted effective February 27, 2017 (44:4 Md. R. 256) Regulation .05A amended effective February 27, 2017 (44:4 Md. R. 256) Regulation .06 amended effective February 27, 2017 (44:4 Md. R. 256) Regulation .06-1 adopted effective February 27, 2017 (44:4 Md. R. 256) Regulation .09 amended effective September 10, 2007 (34:18 Md. R. 1581) Regulation .11B amended effective September 1, 2014 (41:17 Md. R. 972) Regulation .13B amended effective September 1, 2014 (41:17 Md. R. 972) Regulation .14 amended effective September 1, 2014 (41:17 Md. R. 972) Authority Health-General Article, §19-705; Insurance Article, §§ 2-109 , 14-124 , Title 18, Subtitle 1, and Title 27; Annotated Code of Maryland

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