INSURANCE/RATES: Provides relative to the ratemaking system utilized by insurers and rating organizations relative to rate filings

HB 613 is a technical amendment to the state's insurance laws that modifies how rate filings are processed. The bill removes a requirement for public hearings before the state designates a market as noncompetitive and corrects a punctuation error in the legal text. These changes streamline the administrative process for insurers and rating organizations without altering the core rules for setting insurance rates.