AB376: Revises provisions relating to insurance. (BDR 57-1009)
Legislative Summary
AN ACT relating to insurance; requiring the Commissioner of Insurance to establish and administer the Regulatory Experimentation Program for Insurance Product Innovation; setting forth requirements for the operation of the Program; authorizing an insurer to implement a proposed increase in a rate for certain kinds and lines of insurance while the proposal is pending approval or disapproval by the Commissioner; setting forth certain requirements applicable in the event that such a proposal is ultimately disapproved; and providing other matters properly relating thereto.
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Bill History
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