Relating to explanations required in connection with premium increases upon renewals of certain insurance policies; and prescribing an effective date.
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What it does
Official summary
Requires an insurer to provide to an insured a clear and reasonable explanation of the reasons for any increase in the premium amount for a qualified policy upon renewal of the qualified policy. Specifies standards for a clear and reasonable explanation. Takes effect on the 91st day following adjournment sine die.
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More on this bill
Where it stands
Introduced
Passed House
Passed Senate
4To Governor
Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Jul 7Chapter 351, (2025 Laws): Effective date September 26, 2025.Latest