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Panel backs bill requiring insurers to include rate-transparency reports with filings
Summary
Senate Bill 136 was reported favorable after sponsors said it would obligate insurers to include a rate-transparency report with private passenger auto and homeowner rate filings and to provide a personalized report to consumers on new or renewal policies.
Senate Bill 136, a measure to require private passenger auto and homeowners insurers to file rate-transparency reports and provide personalized transparency reports to consumers when offering new or renewal policies, was reported favorable by the Senate Insurance Committee.
The bill would require insurers to include specified items in…
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