Regards insurance regulations and taxes

SB 175 amends insurance regulations and taxes by requiring state agencies to conduct a comprehensive inventory of their existing rules that impose mandatory restrictions, such as those using terms like "must" or "shall." This inventory must detail the origin of each restriction, whether it is required by law or adopted under general authority, and be posted online while being transmitted to legislative leaders. The bill also mandates that beginning in October 2025, state agencies cannot adopt any new regulatory restriction unless they simultaneously eliminate at least two existing ones, with specific exceptions for emergency rules and internal management policies. Additionally, the legislation strengthens consumer protections for health insurance by requiring clear, concise evidence of coverage documents that list benefits, exclusions, costs, and contact information for assistance. These documents must be filed with the superintendent of insurance and cannot be used if they contain misleading statements or fail to meet the new transparency standards.