2019 Senate Bill 1 ↩

Senate Roll Call 58: The amendment was not adopted

To mandate that insurers cut rates on their homeowners and auto insurance policies by 50 percent if the bill becomes law, eliminate the state's “file and use” insurance rate regulatory system for insurance, and impose various restrictions on insurance company management and rate-setting practices. Under current law, insurers are required to file for approval of any rate changes but don’t have to wait for approval to start using the rates immediately. Under the amendment, insurers would require state approval in advance for rate changes.