Relating to approval of premium rate increases by the commissioner of insurance.

SB 2808 requires insurance companies and health maintenance organizations (HMOs) to obtain approval from Texas’ insurance commissioner before implementing any premium increase exceeding the rate used in the previous 12 months. Insurers must submit proposed rates, supporting materials, and additional documentation for commissioner review before collecting the new rate. The law applies only to new insurance policies or renewals issued on or after January 1, 2026, and takes effect September 1, 2025. This bill directly affects insurers by adding a pre-approval step for rate hikes, with no changes to existing rate approval requirements.