SB 25-058: Insurance Rebate Reform Model Act

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

The act creates an additional framework for insurance rebate law to allow usage of insurance rebates and related practices in a manner that meets specified criteria to maintain consumer protections. In provisions regarding unfair and deceptive trade practices in insurance, the act identifies, as an additional practice that shall not be construed as falling within the definition of discrimination or rebates, the practice of offering or providing a value-added product or service not specified in the insurance policy, at no cost or at a reduced cost, if the product or service: Relates to the insurance coverage; and Is primarily aimed to: Provide loss mitigation or loss control; Reduce claim costs or claim settlement costs; Provide education about liability risk or risk of loss to individuals or property; Monitor or assess risk, identify sources of risk, or develop strategies for eliminating or reducing risk; Enhance health; Promote financial wellness through items such as educational or financial planning services; Provide post-loss services; Encourage behavioral changes to improve the health or reduce the risk of death or disability of a customer; or Assist in the administration of employee or retiree benefit insurance coverage. The act implements additional provisions governing the usage of insurance rebates, including requirements to offer such rebates at a reasonable cost and in a manner that is not unfairly discriminatory and that provides certain other customer protections. (Note: This summary applies to this bill as enacted.)

Sponsors

Sponsors by party (alphabetical): Democratic 9 · Republican 2

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. April 18, 2025Governor Signed
2. April 9, 2025Sent to the Governor
3. April 8, 2025Signed by the President of the Senate
4. April 8, 2025Signed by the Speaker of the House
5. April 3, 2025Senate Considered House Amendments - Result was to Concur - Repass
6. April 1, 2025House Third Reading Passed - No Amendments
7. March 31, 2025House Second Reading Special Order - Passed with Amendments - Committee
8. March 24, 2025House Second Reading Laid Over Daily - No Amendments
9. March 19, 2025House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole
10. March 4, 2025Senate Third Reading Passed - No Amendments
11. March 4, 2025Introduced In House - Assigned to Business Affairs & Labor
12. March 3, 2025Senate Second Reading Passed with Amendments - Committee, Floor

Showing 12 most recent of 14 actions. Full history