Bill
HB 5104
Overview: HB 5104, an act relating to insurance - casualty insurance rating, was referred to the Senate Commerce committee on June 20, 2025. It was introduced on March 13, 2025.Pur
Overview: HB 5104, an act relating to insurance - casualty insurance rating, was referred to the Senate Commerce committee on June 20, 2025. It was introduced on March 13, 2025.
Purpose and Intent: The bill aims to reform the regulatory framework for casualty insurance rate-setting in the state. The primary goal is to increase transparency and consumer protections in the insurance marketplace.
Key Provisions:
- Requires insurance companies to publicly disclose all factors used in their rate-setting models
- Mandates the state insurance commissioner to review and approve all proposed rate changes before implementation
- Prohibits the use of certain demographic factors, such as gender and credit score, in determining insurance premiums
- Establishes an independent consumer advocate office to represent policyholder interests in rate hearings
Affected Parties and Impacts: The bill would impact all consumers of casualty insurance products, such as auto, homeowners, and liability coverage. It is intended to make the rate-setting process more equitable and prevent discriminatory pricing practices.
Procedural and Timeline Considerations: The bill has been referred to the Senate Commerce committee for further consideration. Its next step would be a committee hearing and potential amendments before a floor vote.
Compiled from official sources — confirm details with the bill’s official record.
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