B25-0150 - Motor Vehicle and Homeowner Insurance Prior Approval Rate Filing Amendment Act of 2023
Washington D.C. - 25th Council
Introduced byPhil Mendelson
Last updated 7 months ago
1 Co-Sponsor
As introduced Bill 25-150 would change the motor vehicle and homeowner insurance rate filing standard to prior approval with a 90-day deemer. It would require a hearing before a rate filing is determined to be excessive or discriminatory. It would also require insurers to provide policyholders 60 day advance written notice of any rate increase of 10% or more.
STATUS
Passed
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