Virginia SCC Seeking Public Comment on Long-Term Care Insurance Rules
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.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics
- Three Top P/C Insurers Account for Most of Insurance AI Patents
- Viewpoint: Artificial Intelligence Is Rewriting the Rules for Commercial Lines
- ‘Door Knocker’ Roofers Were Everywhere. NC Farm Bureau Saw an Opportunity