California Insurance Commissioner Unveils Proposed Rescission Regulations

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California Insurance Commissioner Steve Poizner unveiled his proposed regulations today to, according to an LA Times article dated June 3, 2009, “combat the health insurance industry practice of dropping members with costly illnesses.” According to the article, Poizner's draft regulations would require insurers to write applications for coverage in “plain English and allow applicants a „not sure? answer to questions about their preexisting medical conditions.”

According to Mr. Poizner?s news release, the new regulations will (in his words) do the following...

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