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Committee hears bill to streamline experience-rated group disability rate filings
Senate Business, Financial Services, Gaming & Trade Committee
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Summary
House Bill 12-30 would let insurers submit a single filing with replicable rating formulas for experience-rated group disability income coverage, reducing repetitive filings and preserving OIC oversight; insurers told the committee the change would improve access to affordable coverage for employers.
House Bill 12-30 (companion to SB 5141) would clarify rate-filing requirements for insurers that develop experience-rated rates for group disability income policies. Committee staff said the change allows insurers to submit one filing that includes rating formulas and sufficient…
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