HRS §431:10H-207
Rules for premium increases on long-term care policies
This section says your insurance company cannot raise your premium just because you get older past 65 or because you have had the policy for a long time. Buying extra coverage or reducing your benefits is not treated as a premium increase, but it affects how your initial premium is calculated for other rules.
The statute, as written — Premiums charged--group and individual policies
(a) The premium charged to an insured shall not increase due to either: (1) Increasing age of the insured at ages beyond sixty-five; or (2) The duration the insured has been covered under the policy. (b) The purchase of additional coverage shall not be considered a premium rate increase, but for purposes of the calculation required under section 431:10H-233, the portion of the premium attributable to the additional coverage shall be added to and considered part of the initial annual premium. (c) A reduction of benefits shall not be considered a premium change, but for purpose of calculation required under section 431:10H-233, the initial annual premium shall be based on reduced benefits.
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