House Bill 441, recently passed, raises licensing and regulatory fees across the board. The most significant change? The annual financial regulation fee for insurers – including health maintenance organizations and vehicle mechanical breakdown insurers – will climb from $1,000 to $2,000. This fee funds the state’s oversight of insurers’ financial health and solvency.

Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.