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You are here: Home . bulletins . 2014 . cc19

COMMISSIONER'S BULLETIN # B-0020-14

September 10, 2014


To: INSURANCE COMPANIES LICENSED TO WRITE LONG-TERM CARE INSURANCE IN TEXAS


Re: LONG-TERM CARE INSURANCE RATE GUIDE

This bulletin announces a call for rate information for the Texas Long-Term Care Rate Guide, published by the Texas Department of Insurance (TDI).

All companies writing individual long-term care insurance for new customers in Texas after August 1, 2014, must respond to this request.  TDI will publish the information collected through this data call in a rate guide to allow consumers to compare annual premiums for sample individual long-term care policies, as well as a policy that the carrier identifies as its “most popular” plan.

Companies will enter their rates directly into a password-protected web page on the TDI website.  The web address for the rate collection form is https://wwwapps.tdi.state.tx.us/inter/asproot/consumer/ltcrgcall/ltcrgcall_login2.asp

Note:  This year there are substantive changes to the data call.  We are asking for rates for tax-qualified policies only, based on whether the policies have two-, five-, or ten-year benefit periods, and whether the policies are partnership or nonpartnership policies.  In contrast with prior years, we are asking if companies offer policies with lifetime benefits or non-tax-qualified policies, but not for the rates for those policies.  Please carefully review the instructions before entering your data.

All rate information should be for rates in effect on August 1, 2014.  The website (above) provides detailed instructions on entering the requested information.  In addition, companies must complete a Rate Increase History worksheet (see sample attached).  TDI will send the worksheet form to companies participating in this data call by separate email.  Please remember that you are responsible for the accuracy of the data submitted.

You must provide the required information under Section 38.001(b) of the Texas Insurance Code.  The deadline for submitting information is October 9, 2014.

Please direct any questions you have about this data call to Jack Evins at 512-463-6580, or by email at jack.evins@tdi.texas.gov.  We appreciate your prompt response to this request.
 
 
 
Julia Rathgeber
Commissioner of Insurance



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Last updated: 09/15/2014

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