HB 2282: INSURANCE CODE; PREMIUM INCREASE; ADJUSTER; INDEPENDENT BILL REVIEWER; PRODUCER; DISCIPLINARY LICENSING ACTION; NOTICE REQUIREMENTS; CANCELLATION; NONRENEWAL; PURCHASE GROUP

Session Year: 2025-2026
House: House
Latest Version Date: 2026-04-29

Current Status:

Passed

(2026-05-26: Act 040, on 05/26/2026 (Gov. Msg. No. 1140).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Beginning 1/1/2027, requires insurers to provide explanation of premium increases upon request; clarifies grounds for denial, suspension, and revocation of an adjuster or independent bill reviewer license; clarifies procedures for denying, suspending, and revoking an insurance producer license; and amends the notice requirements for cancellation or nonrenewal of a property insurance policy. Clarifies the date on which purchase groups are required to pay an annual service fee. (CD1)

Discussed in Hearing