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Committee adopts rate‑transparency report requirement for insurers' filings
Summary
Senate Bill 136, as amended, will require insurers to submit a rate‑transparency report with each rate filing showing projected costs (including claims projection) and other clarifying information. The committee adopted amendment set 2855 to refine report items and moved the bill forward without objection.
The House Insurance Committee adopted amendments and reported Senate Bill 136 favorably. The measure requires insurers to submit a rate‑transparency report along with rate filings to the Department of Insurance.
Chief Deputy Barrow Peacock said the report will be a projected, aggregated description…
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