SB 24 IN
Regulation of premium increases.
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Summary
Provides that certain insurance providers may not request to raise the insurer's rate more than 10% in any one year. Requires certain insurance providers to justify any requested rate increase to the insurance commissioner.
Sponsor (1)
- James Tomes Republican · author
1 coauthor / cosponsor
- Blake Doriot Republican · coauthor
Action history (3)
- Jan 8, 2025 First reading: referred to Committee on Insurance and Financial Institutions · upper
- Jan 8, 2025 Authored by Senator Tomes · upper
- Jan 21, 2025 Senator Doriot added as coauthor · upper
Subjects
AGENCIES; Department of Insurance (IDOI)INSURANCE; GenerallyINSURANCE; Motor VehiclesINSURANCE; Property (Excluding Motor Vehicles)
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