SB2063 requires medical liability insurance companies to adjust premiums for OB-GYNs based on their scope of practice.
SB2063 amends the Illinois Insurance Code to mandate that companies issuing medical liability insurance evaluate and adjust premiums for obstetricians and gynecologists (OB-GYNs) based on their specific scope of practice. The bill requires lower premiums for OB-GYNs who do not provide obstetric services, such as childbirth. The Department of Insurance must establish guidelines for these classifications and adjustments. This change aims to ensure fair and equitable premiums for OB-GYNs by considering their risk profiles.
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