If enacted, this bill would amend current statutes regarding insurance rates for firefighters and fire investigators. Specifically, it would allow an insurer to file one uniform percentage deviation to increase statewide rates only if the insurer is not reimbursed for claims from the Municipal Firefighter Cancer Reimbursement Fund. This change would replace the existing provision that permits insurers to file deviations without this condition, thereby tightening the criteria under which such deviations can be filed.

Additionally, the bill would make technical changes to the language of the statute, including the replacement of the term "insurers" with "an insurer" to clarify that the provision applies to individual insurers. The requirement for an actuarial analysis to support the rate increase would remain, but the bill emphasizes that this analysis must substantiate the basis for the increase specifically in relation to claims not reimbursed by the Municipal Firefighter Cancer Reimbursement Fund. Overall, the bill aims to ensure that rate deviations are more closely tied to the financial realities faced by insurers in the context of firefighter-related claims.

Statutes affected:
Introduced Version: 20-359
House Engrossed Version: 20-359