1 of 1 SENATE DOCKET, NO. 2365 FILED ON: 1/20/2023 SENATE . . . . . . . . . . . . . . No. 634 The Commonwealth of Massachusetts _________________ PRESENTED BY: Ryan C. Fattman _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act promoting insurance rate review transparency. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :Ryan C. FattmanWorcester and Hampden 1 of 1 SENATE DOCKET, NO. 2365 FILED ON: 1/20/2023 SENATE . . . . . . . . . . . . . . No. 634 By Mr. Fattman, a petition (accompanied by bill, Senate, No. 634) of Ryan C. Fattman for legislation to promote insurance rate review transparency. Financial Services. The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Third General Court (2023-2024) _______________ An Act promoting insurance rate review transparency. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 Section 117C of chapter 175 of the General Laws, as appearing in the 2020 Official 2Edition, is hereby amended by adding after line 350 the following subsection:- 3 (16) Notwithstanding any general or special law to the contrary, the commissioner shall 4(i) provide summaries of rate changes offered in plain language to consumers, (ii) determine a 5time period in which advanced notice is given to consumers prior to proposed rate changes, and 6(iii) provide consumers with official comment periods to review and comment on proposed rate 7changes.