Del. Authorizes Rate Reviews For Health Insurance

Law360, New York (July 9, 2009, 12:00 AM EDT) -- Delaware has enacted a new law that will give the state's insurance commissioner regulatory review power over rates set by health insurers, authorizing state officials to reject proposed health insurance rate hikes deemed inadequate, discriminatory or excessive.

Gov. Jack Markell signed the bill into law Tuesday, following a four-year battle by state Sen. Patricia Blevins, D-Elsmere, to enact legislation aimed at increasing competitiveness in the state's health insurance market by giving officials in Delaware Department of Insurance the same power to review and reject proposed premium...
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