By John Reid Blackwell Richmond Times-Dispatch | Posted: Wednesday, April 1, 2015 8:41 pm
The State Corporation Commission said this week that it has adopted new regulations governing long-term care insurance policies in Virginia. The new rules are aimed at helping reduce the burden of premium increases on long-term care policies, which have prompted complaints from policy-holders in Virginia. The regulations, which go into effect Sept. 1, don’t prohibit future premium increases but might make those increases less frequent, the SCC said.
(Courtesy of the Richmond, VA Times-Dispatch)
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