This bulletin announces a call for rate information for the Texas Long-Term Care Rate Guide published by the Texas Department of Insurance (TDI).
All companies writing individual long-term care insurance for new customers in Texas after July 1, 2011, are required to respond to this request. The information collected through this data call will be published 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.
You must provide the required information under authority of Section 38.001 of the Texas Insurance Code. The deadline for submitting information is July 29, 2011.
Companies will enter their rates directly into a password-protected web page on the TDI website. The web address for the rate collection form is https://wwwapps.tdi.state.tx.us/inter/asproot/consumer/ltcrgcall/ltcrgcall_login2.asp
All rate information should be for rates in effect on July 1, 2011. The website provides detailed instructions on entering the requested information. In addition, companies will complete a Rate Increase History worksheet (see sample attached). TDI will send the worksheet form to companies participating in this data call. Please remember that you are responsible for the accuracy of the data submitted.
Please direct any questions you have about the data call to Mistie Hinote at 512-322-3415, or by email at mistie.hinote@tdi.state.tx.us, or to Melissa Hield at 512-322-4349, by email at melissa.hield@tdi.state.tx.us. We appreciate your prompt response to this request.
Mike Geeslin
Commissioner of Insurance