Based on state regulations, Genworth uses the following guidelines to determine compensation on LTCI issued policies in certain states. Not a Replacement DE – Compensation shall not exceed 35% of the total premium paid for the policy. IN – Insurer shall pay for at least 6 years an annual commission for selling or servicing the policy. The amount of commission provided in years after the first year must be determined based on the premium charged for the LTCI policy during the first year. MI – Compensation must be level for the first 3 policy years. NY – First year compensation
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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. Florida has now allowed the following increases: Florida Product Series Increase Percentage for Policies with Limited & Lifetime Benefit Periods Pre-PCS Issue ages 18-70  (Individual policies only): 77.2% phased  (21%, 21%, 21% cumulative) PCS I Issue ages 18-70  (Individual policies only): 98.1% phased  (25.6%, 25.6%, 25.6% cumulative) PCS II Issue ages 18-70  (Individual policies only): 98.1% phased  (25.6%, 25.6%, 25.6% cumulative) Choice 1 Issue ages 18-70 
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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. Florida has now allowed the following increases: Florida Product Series Increase Percentage Privileged Choice and Classic Select Issue ages 18-70  (Individual policies only): 98.1% phased  (25.6%, 25.6%, 25.6% cumulative)  Premium increases for issue ages 71-79, and shared policies, have been approved but will be implemented at a later date. No increase for issue ages 80+.     This rate increase applies to Non-AARP policies only. Policyholder
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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. New Jersey has now allowed the following increases: New Jersey Product Series Increase Percentage Privileged Choice 8.68% phased 4.25%, 4.25% cumulative Classic Select 8.68% phased 4.25%, 4.25% cumulative     This rate increase applies to Non-AARP policies issued on or before 1/17/2006. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications.
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As part of our ongoing commitment and obligation to protect our customers and our distribution partners, we continue pursuing initiatives to improve the protection of our customer’s data and ensure we are complying with the Health Insurance Portability and Accountability Act (HIPAA), Gramm-Leach-Bliley Act and other consumer information protection acts and data security best practices. As part of that commitment, we are going to immediately begin suppressing Personally Identifiable Information (PII) in our recurring and ad-hoc reporting that are distributed to you. PII that will no longer be included in reports that Genworth sends to Distribution Partners includes the following:
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