Bill > S634

This bill aims to promote transparency in insurance rate reviews. It proposes to require the insurance commissioner to provide summaries of rate changes in plain language for consumers, establish a time period for advance notice of proposed rate changes, and provide official comment periods for consumers to review and comment on the proposed rate changes. The bill seeks to enhance the transparency of the insurance rate review process and give consumers more information and opportunities to engage with proposed rate changes.

Business and Industry

https://malegislature.gov/Bills/193/S634