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TX SB2808
Bill
Status
3/14/2025
Primary Sponsor
Brent Hagenbuch
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AI Summary
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Requires insurers and health maintenance organizations (HMOs) to obtain approval from the Commissioner of Insurance before implementing any premium rate increase over the rate charged in the previous 12-month period
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Mandates that insurers and HMOs file proposed rates with the Texas Department of Insurance along with rating manuals, supplementary rating information, and any additional documentation required by the commissioner
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Creates new Chapter 652 (Rate Increase Limitations) in the Texas Insurance Code under Subtitle E, which is renamed from "Premium Financing" to "Premiums and Premium Financing"
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Applies to insurance policies and health benefit plans delivered, issued, or renewed on or after January 1, 2026
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Takes effect September 1, 2025
Legislative Description
Relating to approval of premium rate increases by the commissioner of insurance.
INSURANCE, COMMISSIONER OF
Last Action
Referred to Business & Commerce
4/7/2025