SB0024: A BILL FOR AN ACT to amend the Indiana Code concerning insurance.

Page last updated: Sunday, April 20, 2025 at 7:44 PM (America/Indianapolis).

General Information

Stage: Introduced Senate Bill (S)
Current Chamber: senate
Origin Chamber: senate
Description: Regulation of premium increases.

Legislators

Authors (1)

Senator James Tomes (Republican)

Coauthors (1)

Senator Blake Doriot (Republican)

Sponsors (0)

Cosponsors (0)

Advisors (0)

Conferees (0)

Actions (3 total)

Jan 21, 2025, 9:43 AM: Senator Doriot added as coauthor
Jan 8, 2025, 6:49 AM: First reading: referred to Committee on Insurance and Financial Institutions
Jan 8, 2025, 6:49 AM: Authored by Senator Tomes

Digest

Provides that certain insurance providers may not request to raise the insurer's rate more than 10% in any one year. Requires certain insurance providers to justify any requested rate increase to the insurance commissioner.