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Senate advances House substitute changing insurer filing rules; debate centers on commissioner authority and transparency
Summary
House Bill 37‑81 (committee substitute) shifts homeowners insurance toward a rate‑filing regime that gives the insurance commissioner broader authority to review and request actuarial data; proponents said it increases transparency and accountability, while senators pressed on market definitions, confidentiality, and scope. The Senate passed the bill 39–6 on third reading.
Senators debated House Bill 37‑81 at length before approving the measure on third reading. The committee substitute combines language from previous legislation to change how homeowners and property insurance rates are filed and reviewed, moving away from a system that required a market to be deemed "noncompetitive" before the insurance commissioner could scrutinize rates.
Senator Reinhardt, the sponsor, said the substitute removes references tied to a…
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