The bill, S.B. No. 2808, amends the Texas Insurance Code to establish new requirements for insurers and health maintenance organizations regarding premium rate increases. It introduces Chapter 652, titled "Rate Increase Limitations," which mandates that before any premium rate increase can be collected, the insurer or health maintenance organization must file the proposed rate with the Texas Department of Insurance and obtain approval from the commissioner. This process includes submitting applicable rating manuals and supplementary information as required by the commissioner, ensuring that the proposed rates comply with established rating standards.

Additionally, the bill modifies the heading of Subtitle E, Title 5 of the Insurance Code to reflect the new focus on "Premiums and Premium Financing." The changes will only apply to insurance policies or health benefit plans that are delivered, issued for delivery, or renewed on or after January 1, 2026, with the act taking effect on September 1, 2025.

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