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Bill Expanding California Insurance Commissioner’s Rate Authority Clears Legislative Hurdle
insurance newsnet

A bill that would greatly increase the California insurance commissioner’s regulatory authority has cleared a key legislative hurdle. But with Republican lawmakers already lining up against the bill, Insurance Commissioner Dave Jones, a Democratic supporter of the legislation, may face strong opposition in his push for passage of the bill.

In a 12-7 vote April 26, the California Assembly’s Health Committee passed A.B. 52, which would grant the state insurance commissioner the authority to reject excessive rate increases for health insurance policies.