Substitute House Bill No. 6897, also known as Public Act No. 25-86, extends the sunset date for personal risk insurance rate filings. The bill amends subsection (a) of section 38a-688a of the general statutes by repealing the previous sunset date of July 1, 2025, and replacing it with a new date of July 1, 2030. This change allows insurers to continue filing rates with the Insurance Commissioner under specific conditions until the new sunset date.

Under the amended law, insurers can file rates that take effect immediately upon filing, provided that the overall state-wide rate change does not exceed six percent in the aggregate and individual territory increases do not surpass fifteen percent. The bill maintains the existing limitations on the frequency of filings, allowing only one filing per twelve-month period unless it adheres to the specified percentage limits when combined with previous filings.