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 data calls and subpoenas, and the timeframe for compliance with orders for the production of documents is set at thirty calendar days. Additionally, the bill clarifies that data provided in response to a data call is not subject to public disclosure under section 1-210.

Other notable revisions include updates to readability standards for insurance policies, which now require policies to achieve a minimum score on the Flesch reading ease test and include a separate outline of coverage for individual health insurance. The composition of the board of directors for the association is also modified to allow for proxy voting and weighted voting based on net health insurance premiums. Furthermore, the definition of "motor vehicle physical damage appraiser" is refined, and penalties for violations of certain provisions are established. Overall, the bill aims to enhance clarity and efficiency within the insurance regulatory framework.

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