As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Nevada has now allowed the following increases: Nevada Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 51.8% phased* 11%, 11%, 11%, 11% cumulative 136.4% phased* 24%, 24%, 24%, 24$ cumulative PCS I 66.4% phased* 18.5%, 8.5%, 18.5% cumulative 84.3% phased* 22.6%, 22.6%, 22.6% cumulative       This rate increase applies to non-AARP, non-partnership policies
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As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Alabama has now allowed the following increase for New Jersey certificates issued under a group master policy issued to a trust in Alabama: New Jersey Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 39% 72% PCS I 55% 72% PCS II 55% 72%       This rate increase was filed and approved in accordance
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As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Kentucky has now allowed the following increases: Kentucky Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods PCS II 20% 30% Choice 1 41.1% phased 30%, 8.5% cumulative 52% phased 30%, 16.9% cumulative       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders
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As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Alabama has now allowed the following increases: Alabama Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 39% 72% PCS I 55% 72% PCS II 55% 72% Choice 1 55% 72%       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in
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As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Alabama has now allowed the following increases: Alabama Product Series Increase Percentage Privileged Choice 26.6% Classic Select 26.6%     This rate increase applies to Non-AARP policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin November 6, 2018 and will continue throughout the next year.
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10/30/18 Net Income Of $146 Million And Adjusted Operating Income Of $145 Million RICHMOND, Va., Oct. 30, 2018 /PRNewswire/ — Delaware Department Of Insurance Announces Public Hearing On Proposed Transaction With China Oceanwide Holdings Group Co., Ltd (Oceanwide) U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $118 Million, Increased 62 Percent Compared To Third Quarter Of 2017 U.S. MI’s PMIERs1 Sufficiency Ratio At 130 Percent, In Excess Of $750 Million Above Current Requirements And More Than $550 Million Above The Revised Standards (PMIERs 2.0) Effective First Quarter Of 2019 $78 Million Of Dividends To The Holding Company Due To Strong
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As the year comes to a close, to optimize your 2018 placed production, please keep in mind the year-end cutoff for new business is December 19, 2018. Genworth’s final commission cycle will be on December 28, 2018 for all Long Term Care Insurance. Requirements for Final Commission Payment All delivery requirements must be received by December 19, 2018 Delivery requirements received after December 19, 2018 may not be completed before the final commission cycle. Commission Payment Cycle Dates Genworth’s Final Commission payment will be processed December 28, 2018 Genworth will resume normal commission cycles on January 2, 2019 All applications
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Important information about 1099-MISC (miscellaneous income) tax forms: A 1099-MISC will be filed for each person who is paid at least $600 in commissions in 2018. This includes all product lines. Some payments are not required to be reported on this form, although they may be taxable to the recipient. For example, commissions paid to a corporation are not required to be reported via a 1099-MISC. Therefore, a 1099 MISC will not be created for corporations. Access your 1099-MISC statement faster by going paperless before December 31, 2018! 1099-MISC statements will be available electronically to all Producers currently receiving 1099-MISC
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