HB5619 establishes regulatory controls for fire and extended coverage insurance rates in Illinois.
HB5619 amends the Illinois Insurance Code to create a new Article for fire and extended coverage insurance. It mandates that insurers file rates and supplementary information with the Director of Insurance. The Article applies to policies of fire and extended coverage insurance, exempting certain types of policies. It sets forth provisions concerning filing requirements for insurers in competitive and noncompetitive markets and the monitoring duties of the Director of Insurance concerning market competition and the availability of insurance.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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