This bulletin announces a call for rate information for the Texas Long-Term Care Rate Guide, published by the Texas Department of Insurance.
All companies writing individual long-term care insurance for new customers in Texas after August 1, 2015, 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 online form on the TDI website. The rate collection form is located at https://wwwapps.tdi.state.tx.us/inter/asproot/consumer/ltcrgcall/ltcrgcall_login2.asp
Consistent with last year’s data call, we are asking for rates on 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. We are also asking if companies offer policies with lifetime benefits or nontax-qualified policies, but not 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, 2015. The website (above) provides detailed instructions on entering the requested information into the form. In addition, companies must complete a Rate Increase History worksheet (see sample attached). TDI will send the worksheet 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 Texas Insurance Code Section 38.001(b). The deadline for submitting information is October 1, 2015.
Please direct any questions you have about this data call to Nancy Harkins at 512-676-6223, or by email at nancy.harkins@tdi.texas.gov. We appreciate your prompt response to this request.
David C. MattaxCommissioner of Insurance