1 of 1 SENATE DOCKET, NO. 967 FILED ON: 1/15/2025 SENATE . . . . . . . . . . . . . . No. 739 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 HampdenBruce E. TarrFirst Essex and Middlesex2/26/2025 1 of 1 SENATE DOCKET, NO. 967 FILED ON: 1/15/2025 SENATE . . . . . . . . . . . . . . No. 739 By Mr. Fattman, a petition (accompanied by bill, Senate, No. 739) of Ryan C. Fattman and Bruce E. Tarr for legislation to promote insurance rate review transparency. Financial Services. [SIMILAR MATTER FILED IN PREVIOUS SESSION SEE SENATE, NO. 634 OF 2023-2024.] The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Fourth General Court (2025-2026) _______________ 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 2022 Official 2Edition, is hereby amended by adding 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.