Passed One ChamberFiled Jan 23, 2026
Sponsor: MCKELVEY
Latest Action
Pass First Reading
Mar 12, 2026
Summary
Beginning Jan. 1, 2027, insurers must send a written notice to affected policyholders at least 60 days before a rate change takes effect. The notice must include the new rate, the percentage increase or decrease, an explanation for the change, and contact information for questions. The act will become law on July 1, 2050 and imposes administrative penalties for non‑compliance.
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