"Don't wait until you are ready to take action. Instead, take action to be ready."
- Jensen Siaw
Insurance Industry Legislative Day allows attendees to learn about current issues affecting the industry and discuss their impact with Illinois’ decision-makers.
2:00 - 5:00 pm (central time)
Inn at 835
835 S. 2nd St., Springfield
5:30 - 7:30 pm (central time)
Illinois State Library
300 S. 2nd St., Springfield
Rate Regulation: Bad for the Industry, Bad for Consumers
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HB 2203 threatens the current file-and-use system by proposing rate regulation that, if passed, could lead to higher rates for consumers and fewer insurers competing in the state. Rate regulation for health insurance and a bill proposing a state-based health exchange are also under consideration. On the positive side, IIA of IL-supported legislation offering greater protection for consumers and companies when dealing with public adjusters is being championed by the Department of Insurance. Our panel of industry leaders will provide the latest updates on these and other issues during the education session at the Inn at 835 from 2:00 to 5:00 pm.
Also during the three-hour session, Joanna Coll, General Counsel for the Illinois Department of Insurance will address attendees on the state of the Department, legislative agendas, and much more. Additionally, Vice-Chair of the House Insurance Committee will address the group. Vice-Chair Morgan will speak about the dynamics of the Illinois General Assembly, his experience on serving on the House Insurance Committee, as well as impactful legislation that has come through the Insurance Committee.
Sen. Napoleon Harris, III the Senate Insurance Chairman will address the attendees. Sen. Harris has served as the Senate Insurance Chairman for the last 4 years and will speak about his leadership and experience of heading up the Senate Insurance Committee.
A legislative reception will follow at the Illinois State Library. All legislators have been invited to attend and several have confirmed attendance.
This is your chance to talk to your legislator and let your voice be heard.