Eddie Washington
- Democratic
Primary
Amends the Illinois Insurance Code. Abolishes authority for rating organizations. Requires insurance companies to file their own rates with the Department of Financial and Professional Regulation. Prohibits rate changes exceeding 15% without adequate justification and establishes criteria for justification. Expands the scope of rate regulation under Article XXIX to include all property and casualty insurance. Effective immediately.
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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Assigned to Executive Committee
Filed with the Clerk by Rep. Eddie Washington
First Reading
Referred to Rules Committee
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