Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes

This bill requires health insurance companies to provide written notice to policyholders at least 60 days before implementing any change to premium rates for group health insurance policies. It directly affects individuals and businesses holding group health insurance policies by giving them advance notice of upcoming rate increases. The key provision mandates that insurers send this written notice 60 to 120 days prior to the effective date of the new rates. This change applies to both large and small group policyholders covered under the same policy type.