Despite apparent support of House leaders, the Republican-controlled House failed to pass House Bill 683 and send it to the Senate. Only 42 of the House’s 180 members voted for HB 683, which would have implemented a 6 percent flex band for personal lines and imposed a cap of 9.9 percent on individual policies. The bill also included a four-year sunset provision.
“NAMIC is disappointed the House leadership was unable to persuade its colleagues to support this legislation,” David Reddick, National Asociation of Mutual Insurance Companies state affairs manager, said. “We were surprised by the vote total, but it confirms that more work is needed to educate legislators about the benefits of this rating system.”
Reddick noted before the session beganthat local lobbyists decided not to pursue rate modernization legislation, believing that with the influx of new, mostly Republican lawmakers, it was going to take more time to educate representatives on flex rating.
Topics Legislation
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