A Greater Focus On Pa. Long-Term Care Rate Regulation

Law360, New York (May 24, 2012, 1:09 PM EDT) -- The regulation of long-term care insurance rates has become a topic of increased attention in recent years. Regulators continue to face the challenge of balancing rate inadequacy with making long-term care policies affordable.

A recent unprecedented opinion by the Commonwealth Court of Pennsylvania denying the Pennsylvania Insurance Department’s request to liquidate two long-term care insurance companies brings issues surrounding rate regulation to the forefront.

Pennsylvania life insurer Penn Treaty Network America Insurance Co. and its subsidiary American Network Insurance Co. primarily write long-term care insurance, which...
To view the full article, register now.