House Bill No. 6434, also known as Public Act No. 25-69, introduces several technical revisions to the insurance-related statutes. Key changes include the repeal of certain subsections and their replacement with updated language. For instance, the Insurance Commissioner is granted the authority to issue subpoenas and data calls, with the requirement that individuals comply within thirty days. Additionally, the readability standards for insurance policies are clarified, specifying that policies must achieve a minimum score on the Flesch reading ease test and include a separate outline of coverage for individual health insurance policies.

Other notable revisions include changes to the composition and voting rights of the board of directors for the insurance association, allowing members to vote in person or by proxy based on their net health insurance premium. The definition of "motor vehicle" is aligned with existing statutes, and the term "third-party" is standardized. Furthermore, penalties for violations of certain provisions are established, and the definition of "major component parts" is updated to reflect current law. Overall, the bill aims to streamline and clarify existing insurance regulations while ensuring compliance and readability for consumers.

Statutes affected:
Raised Bill: 14-67h
INS Joint Favorable: 14-67h
File No. 51: 14-67h
Public Act No. 25-69: 14-67h