The Division would like to provide notice that the Commissioner has adopted the following new regulation:
The purpose of this regulation is to address the filings of property and casualty insurers instituting any practice involving rate change limitations (caps, ceilings and/or floors) to new and/or existing policyholders in order to facilitate the transition to rate parity between policyholders of the same class and hazard and avoid unfairly discriminatory rating.
This regulation will become effective on August 1, 2021.
Find this regulation and other regulations that have been adopted, but are not yet effective, at Regulations Adopted But Not Yet Effective.
Division bulletins and regulations can be found at Statutes, Regulations & Bulletins.