Introduced by Sen. Liz Brater (D) on January 22, 2008, to repeal a provision of the insurance code that requires the state insurance bureau to determine that there not is a “reasonable degree” of competition for the particular type of insurance before it can declare a company’s rates “excessive” and order the firm to lower the price (or stop selling that line of insurance).
Referred to the Senate Economic Development and Regulatory Reform Committee on January 22, 2008.
1) 2008 Senate Bill 1025 (Reduce limits on state’s power to impose insurance price controls ) by admin on January 1, 2001 Introduced in the Senate on January 22, 2008