Informing the Legislature that on May 26, 2026, the Governor signed the following bill into law: HB2282 HD1 SD1 CD1 (ACT 040).

This bill requires insurance companies to provide a reasonable explanation for premium increases when a policyholder requests one in writing. It also updates the list of reasons the state insurance commissioner can deny, suspend, or revoke an insurance license, adding specific grounds such as failing to pay child support or taxes and improperly using study materials during exams. The law directly affects insurance providers, their employees, and consumers by increasing transparency on pricing and tightening oversight of licensing standards.