Insurance rate review.

Provides that the insurance commissioner shall discharge the powers and duties of the commissioner's office with respect to policies of accident and sickness insurance and health maintenance organization contracts in a specified manner. Requires the commissioner to consider, before approving or disapproving a rate increase or decrease for a policy of accident and sickness insurance or a health maintenance organization contract, whether the filer's products are affordable and whether the filer has implemented effective strategies to enhance the affordability of the filer's products. Allows the commissioner to disapprove a rate increase if the rate is increased by an amount that exceeds the Consumer Price Index for All Urban Consumers: All Items Less Food and Energy percentage increase plus 1%.