SB 323 - This act prohibits long-term care insurance policies from charging premium rates in excess of those charged at the time the policy was issued, adjusted by the Consumer Price Index for All Urban Consumers. Premium rates charged in excess of this amount shall be refunded to the policyholder or applied to future premiums, as determined by the policyholder. No long-term care insurance policy shall charge a premium rate in excess of the average premium rate charged for a comparable policy in states sharing a border with this state. In addition to rate filing requirements under current law, the act requires premium rates to be filed with the Department of Commerce and Insurance at least 90 days prior to their use. Within 30 days of the filing, the Department of Commerce and Insurance shall hold a public hearing at which the rate will be reviewed for compliance with the act and an existing provision of law regarding rate increases. The Department of Commerce and Insurance may require insurers to provide information relevant to rates submitted in accordance with the act. This act applies to long-term care insurance policies issued, delivered, continued, or renewed in this state on or after January 1, 2024. This act is similar to HB 46 (2023), SB 912 (2022), SB 288 (2021), and SB 1067 (2020). ERIC VANDER WEERD