Bill
HB 6897
Extends the sunset for the rate-filing regime governing personal risk insurance, maintaining the current filing framework for insurers and regulators.
Status
- Introduced: February 6, 2025
- Signed by Governor: June 23, 2025 (enacted as Public Act 25-86)
- Bill Number: HB 6897
- Subject: Insurance Department; insurance rates; personal risk insurance
Purpose
- To extend an existing statutory sunset provision that governs how insurers file rates for "personal risk" lines of insurance. The bill continues the temporary or special rate-filing regime for personal risk insurance beyond its prior expiration date.
Key provisions (as reflected in bill title and legislative summary)
- Extends the sunset date for the statutory provisions that control rate filings for personal risk insurance. The text available here does not include the precise new sunset date or the specific statutory sections amended; consult Public Act 25-86 for the enacted language and exact date.
- Leaves in place the underlying rate-filing framework for personal risk insurance (the types of filings or regulatory procedures affected are not specified in the provided document).
- Does not appear to create new substantive insurance mandates beyond extending the duration of the existing filing regime.
Who is affected
- Insurance companies writing personal risk lines (examples commonly included under "personal risk": private passenger automobile, homeowners, renters, personal liability/umbrella policies).
- Connecticut Insurance Department (oversight, review and approval or processing of rate filings).
- Consumers and policyholders, indirectly — because continuation of the rate-filing regime affects how and when premium changes are proposed, reviewed, and implemented.
- Insurance agents/brokers and other market participants who rely on the stability or timing of rate filings.
Procedural and timeline notes
- Referred to the Joint Committee on Insurance and Real Estate; public hearing held Feb 11, 2025.
- Received favorable reports and passed both chambers (House and Senate) in May–June 2025; transmitted to Governor June 16, 2025; signed June 23, 2025.
- Enacted as Public Act 25-86. The provided materials do not state the act’s effective date or the precise new sunset date — consult the Public Act text or the Office of Legislative Research/Office of Fiscal Analysis filings for those details.
Impact summary
- Primarily administrative/technical: maintains an existing rate-filing regime for personal risk insurance for a longer period. The fiscal impact is likely limited to regulatory workload unless the underlying regime materially changes insurer pricing behavior; for specifics, refer to the enacted Public Act and any accompanying fiscal analysis.
Compiled from official sources — confirm details with the bill’s official record.
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