allowing the insurance commissioner to approve innovative short or long-term care policies.

The document title was changed from 'AS AMENDED BY THE HOUSE' to 'VERSION ADOPTED BY BOTH BODIES' to reflect the bill's final status.

A bill number (26-2202) was added to the header metadata.

The bill's purpose was changed from enforcing specific long-term care insurance standards to allowing the commissioner to approve innovative short or long-term care policies based on public interest and benefit reasonableness.

Detailed requirements regarding loss ratio standards, specific eligibility conditions for institutional care, and strict form denial criteria were removed or significantly simplified.

A fiscal note was added indicating potential indeterminable revenue increases for the state and local governments if new insurance products enter the market.

The document header was updated to reflect the House amendment date of April 29, 2026, replacing the Senate amendment date.

Changed the commissioner's authority regarding public hearings from optional ('may') to mandatory ('shall') for long-term care insurance form approvals.

Explicitly stated that public hearings are required for long-term care insurance filings, while permitting discretion for other insurance types.

Deleted a provision that allowed the commissioner to adopt rules establishing loss ratio standards for long-term care insurance policies.