Illinois House Passes Insurance Oversight Bill
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Illinois Lawmakers Pass Bill to Strengthen Insurance Oversight: A sixty-day notice requirement for rate hikes over ten percent and state review for fairness are key provisions. The bill, supported by Democrats and consumer advocates, faces opposition from Republicans and insurance groups, who argue it could lead to higher premiums. Illinois is one of only two states without a rate review process, prompting the bills introduction.
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