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2024 Legislature Operating Budget Transaction Compare Conference Structure Between House and Confirm Numbers and Language Differences Agencies: AdminAgency: Department of Administration Trans Total

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Review current rate structure and identify areas where a significant increase is needed

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A significant rate increase refers to a substantial upward adjustment in the premiums charged for insurance policies, typically defined by regulatory standards.

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Information that must be reported includes justification for the rate increase, financial impact analysis, claims history, and the projected effect on policyholders.

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