Bill

A 2006

Relates to the approval of policy forms

2025 Regular Session Introduced by Sarah Clark and 1 co-sponsor

The bill would modify the process and standards for approving insurance policy forms, affecting filing requirements, review criteria, and approval timelines.

REFERRED TO INSURANCE

WeVote Research Nonpartisan

Bill Summary · A 2006

Summary of bill A 2006 – Relates to the approval of policy forms

Overview

Bill A 2006 is a proposed measure that relates to the approval process for policy forms. Based on the title, it would address how insurance policy forms are reviewed and approved, presumably by the state’s Department of Insurance or a similar regulatory body. The text of the bill with specific provisions is not provided in the information available.

Status and timeline

Introduced: January 14, 2025
Current status: REFERRED TO INSURANCE
Legislative actions: Both actions listed for January 14, 2025 show the bill being referred to the Insurance committee.
Next steps (typical): If advanced, the bill would move through committee hearings, potential amendments, and floor consideration in the respective chamber. A companion or related bills in other houses or sessions could influence movement or provide alternative pathways.

Related legislation

A 7661 (prior-session)
A 3408 (prior-session)
A 4446 (prior-session)
S 5341 (companion) — listed twice, indicating one or more companion versions in another chamber

What the bill would do (based on the title)

The bill would modify or specify the process by which policy forms are approved. This likely involves:
- Submission requirements for policy form filings
- Standards or criteria used to review forms
- Timelines and procedures for approval or rejection
- Possible changes to post-approval amendments, market conduct, or consumer protections
The exact changes, thresholds, exemptions, penalties, and implementation details are not provided in the information given.

Impact and who is affected

Insurers and policy form filers: Would be directly impacted by any changes to filing requirements, review standards, or approval timelines.
Policyholders and consumers: Could be affected by changes in the speed and manner of form approvals, which may influence the availability and terms of insurance products.
Insurance regulators (Department of Insurance): Would implement and enforce the revised approval process.
Agents and brokers: Potentially affected by how quickly new or revised forms enter the market.

Key considerations for readers

The precise provisions, timelines, and effective date are not included in the provided materials. The actual bill text would specify the exact changes to policy form approval, any fees or penalties, and transitional provisions.
The presence of related bills and a companion in the other chamber suggests ongoing interest in reforming policy form approvals and potential alignment with prior-session proposals.

Next steps for tracking

Review the bill text to confirm the specific amendments to the policy form approval process.
Monitor committee hearings in the Insurance committee for testimony, amendments, and vote outcomes.
Check for any companion bills (e.g., S 5341) for parallel actions or differences between chambers.

Compiled from official sources — confirm details with the bill’s official record.