An Act promoting insurance rate review transparency
Generates a plain-language summary of the bill text and history.
| Cosponsor |
|---|
| Ryan C. Fattman |
| Bruce E. Tarr |
| Committee | Recommendation | Vote |
|---|---|---|
| J11 | Accompanied | — |
of chapter 175 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by adding the following subsection:- (16) Notwithstanding any general or special law to the contrary, the commissioner shall (i) provide summaries of rate changes offered in plain language to consumers, (ii) determine a time period in which advanced notice is given to consumers prior to proposed rate changes, and (iii) provide consumers with official comment periods to review and comment on proposed rate changes.
Section 117C of chapter 175 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by adding the following subsection:- (16) Notwithstanding any general or special law to the contrary, the commissioner shall (i) provide summaries of rate changes offered in plain language to consumers, (ii) determine a time period in which advanced notice is given to consumers prior to proposed rate changes, and (iii) provide consumers with official comment periods to review and comment on proposed rate changes.