An Act relative to unilateral contract changes
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to increase regulation around how health insurance companies can change their contracts with customers. Currently, insurers often have the ability to make unilateral changes to policies, such as increasing premiums or altering coverage, with limited notice or justification. The bill seeks to provide consumers with more transparency and potentially greater protections against these changes. It intends to establish clearer rules and requirements for insurers regarding contract modifications.
Key provisions
- Requires health insurers to provide more advance notice of contract changes.
- Establishes standards for the justification of unilateral contract changes.
- May limit the types of changes insurers can make without consumer consent.
- Could mandate specific processes for communicating changes to policyholders.
- Focuses on regulating changes to health insurance contracts.
Who is affected
- Health insurance consumers
- Health insurance companies
- The health insurance industry
Notable changes
- The bill seeks to shift the balance of power from insurers to consumers regarding contract changes.
- It introduces a regulatory framework for unilateral contract modifications in health insurance.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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