HB3804 mandates insurance policies in Illinois to be written in easily understandable language for the average person.
HB3804 amends the Illinois Insurance Code to require insurance policies to be written in language easily readable and understandable by a person of average intelligence and education. The Director of Insurance must consider factors such as sentence structure, use of commonly used words, avoidance of legal terms, minimization of references to other sections, incorporation of definitional provisions, and any additional factors relevant to readability. This change aims to ensure that insurance policies are accessible to the general public.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.