INS-FIRE & EXTENDED COVERAGE

Summary

The bill adds a new article to the Illinois Insurance Code that sets standards so fire and extended‑coverage policies cannot have excessive, inadequate, or unfairly discriminatory rates. It requires insurers to file their rates with the Director of Insurance and gives the Director authority to monitor market competition. The goal is to protect consumers and keep insurance available and fairly priced.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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