Private-passenger auto insurance rate filings — prior approval for any rate increase

Proposed Sept. 9, 2026, implementing the FY2027 budget's auto-insurance reforms. Current rule lets insurers take up to two overall rate increases without prior approval if the cumulative effect is within 5%; the proposal requires express DFS approval before any upward rate change and requires insurers to notify policyholders, with an explanation, of rate decreases taken without prior approval as a result of the budget reforms. 60-day public comment period from State Register publication (exact end date not stated in the release; roughly early-to-mid November). The law and regulation take effect Nov. 27, 2026.