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Committee adopts amendment, advances bill requiring clearer explanations of insurance premium increases
Summary
The House Committee on Commerce and Consumer Protection adopted a dash-1 amendment and advanced House Bill 2,563 to the House floor March 27; the measure requires insurers to provide clear, nontechnical explanations for premium increases on certain personal policies when consumers request them.
The House Committee on Commerce and Consumer Protection on March 27 adopted the dash-1 amendment to House Bill 2,563 and voted to advance the amended bill to the House floor with a due-pass recommendation.
DCBS policy manager Jesse O'Brien told the committee the dash-1 amendment narrows the bill to consumer-requested disclosures and removes an automatic-disclosure phase 2 that had been in the introduced version. "The disclosures would…
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