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S09281 Summary:

BILL NOS09281
 
SAME ASSAME AS A11298
 
SPONSORSKOUFIS
 
COSPNSRKAVANAGH
 
MLTSPNSR
 
Amd §2305, add §§2354 & 2355, Ins L
 
Requires rate filings for prior approval for commercial property insurance, commercial general liability insurance, and personal residential property insurance; requires insurers provide written explanations for premium increases in certain covered policies; requires certain insurers of homeowners' insurance to refile its homeowners' insurance rates and, in certain circumstances, be required to reduce rates.
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