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Connecticut-Rate Review Law

  • Connecticut has prior approval of individual market rate increases.
  • Regulators have 30 days to approve or disapprove the rates; they are deemed approved if regulators do not act within the 30-day period. CT Ins Code or Reg? 38a-183; 38a-199; 38a-218; 38a-481
  • Rates may not be excessive, inadequate, or unfairly discriminatory. Rates are not excessive if medical loss ratios meet the target originally set in policy form when first approved (38a-481).
  • Law provides that rates may not be excessive, inadequate, or unfairly discriminatory; however, rates are deemed not excessive so long as medical loss ratios meet the target medical loss ratio originally set in the policy when it was first approved for marketing.
  • Rates and rate increases are not publicly available on state agency websites.

Information is based on review of state statutes and regulations and in some case, interviews with state insurance departments.