The Office of the Insurance Commissioner (OIC) has established new rules for transparency of insurance premium increases and is considering a rule (R 2024-07) that would delay the Phase 2 implementation date. Insurers must explain premium increasesRequirements for insurers premium change transparency ruleRulemaking - Premium change transparency (R 2022-01)Rulemaking - Premium change transparency (R 2024-07) SEE ALSONew rule adopted requiring insurers tell you why your premium is going upProposed rulesNEED MORE HELP?Contact Policy and Legislative Affairs
