CA| The California Insurance Commissioner issued Bulletin 2025-9 announces the annual Principle-Based Reserving (PBR) assessment for insurers licensed to sell long-term care insurance in California for Fiscal Year 2024-25. Under California Insurance Code section 1067.11(4)(j), the Department of Insurance will collect a total of $1,433,000 in annual aggregate assessments to cover the costs of PBR valuation and maintain a prudent reserve. Insurers will be billed based on their gross annual long-term care premiums written in California for 2023, according to a tiered table, with assessments ranging from $397,000 for the largest insurers (over $250 million in premiums) to $0 for those with less than $1 million in premiums. Questions regarding the assessment can be directed to the CDI via the provided email address.
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