The Maryland Insurance Administration will conduct a public hearing on specific rate increase requests being made by certain Long-Term Care Insurance carriers operating in Maryland. The hearing will focus on several rate increase requests before the Maryland Insurance Administration. In the individual long-term care market, these include requests from LifeSecure Insurance Company, Transamerica Premier Life Insurance Company, Physicians Mutual Insurance Company, John Hancock Life Insurance Company and Lincoln Benefit Life Company. The purpose of the hearing is for insurance company officials to explain their reasons for the rate increases. Commissioner Redmer will also listen to comments from stakeholders at the hearing. Prior to the hearing, copies of each company’s actuarial memorandum will be posted to the Maryland Insurance Administration’s website.

 

The hearing will be held at the following time and location:

 

Monday, February 12, 2018
Public Agenda
1:00 P.M. to 4:00 P.M.
Maryland Insurance Administration, 24th Floor, Hearing Room
200 St. Paul Place
Baltimore, MD 21202

 

For those individuals who are unable to attend, the Administration will be live-streaming the hearing via Facebook Live on the Administration’s Facebook page and will also provide a conference call dial-in.  See the information below:

 

Live-streaming of the hearing can be viewed on the Maryland Insurance Administration’s Facebook page:
www.facebook.com/MDInsuranceAdmin

 

Conference Call Line:
Number: 866-247-6034
Code: 1573490062

 

If you plan on attending, please RSVP to Nancy Muehlberger. Interested parties are also encouraged to submit written comments. Written comments and RSVPs should be sent to Nancy Muehlberger by February 5, 2018, either by email to longtermcare.mia@maryland.gov or by mail to 200 St. Paul Place, Suite 2700, Baltimore, MD 21202 or by fax to 410-468-2038.

 

Questions regarding this hearing should be directed to Nancy Muehlberger by phone to 410-468-2050, or by e-mail to nancy.muehlberger@maryland.gov.

 

Complaints regarding individual policy premium rates, premium increases or particular policy provisions should be directed to the Consumer Complaints Unit. Please call 410-468-2244 or visit the following website for more information on how to file a complaint: http://insurance.maryland.gov/Consumer/pages/FileAComplaint.aspx.