Insurance; prohibit insurers from raising private passenger motor vehicle insurance rates more often that once every calendar year

Plain English Breakdown

The bill status is marked as passed, but no effective date is listed in the metadata.

Limiting How Often Car Insurance Rates Can Rise

This bill stops insurance companies from raising private passenger motor vehicle rates more than once in a single calendar year.

What This Bill Does

• Prohibits insurers from increasing private passenger motor vehicle insurance rates more often than once every calendar year.

Limits and Unknowns

• The official text does not state the specific date this law will take effect.
• It is unclear if there are exceptions for new customers or policy renewals based on the provided summary.

Official Summary Text

Insurance; prohibit insurers from raising private passenger motor vehicle insurance rates more often that once every calendar year