House Sponsors: LANG. Short description: REGULATE HEALTH INS RATES Synopsis of Bill as introduced: Amends the Illinois Insurance Code. Creates the Accident and Health Insurance Rate Law. Authorizes the Department of Insurance to review and approve or disapprove premium rates for accident and health insurance. Provides that rate increases greater than the increase in the medical care component of the Consumer Price Index must be approved by the Department before the rates are used. Specifies financial information to be reported to the Department. Effective January 1, 2000. FISCAL NOTE (Dept. of Insurance) The fiscal impact to the Dept. could exceed $8 million. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status