MS SB2072

Requires all insurers issuing health insurance policies in Mississippi to file premium rates and risk classifications with the Commissioner of Insurance before use.

Prohibits rate filings containing premium increases from becoming effective until the Commissioner approves them after holding a hearing within 30 days.

Directs the Commissioner to consider whether benefits are reasonable relative to premiums charged, previous premium rates, and the effect on policyholders when approving or disapproving filings.

Prevents insurers from submitting a new rate increase filing for the same policies for at least six months after a previously approved increase becomes effective.

Allows the Commissioner to withdraw prior rate approvals after an administrative hearing if benefits are no longer reasonable in relation to premiums charged.