Industry trade groups said they expect Connecticut Governor M.Jodi Rell to sign a bill approved by the legislature yesterday thatpermits insurers to change personal lines rates within certainlimits without regulatory permission.
Insurer organizations said passage of the flex-ratinglegislation would create a more competitive insurance market,giving consumers greater access to more products at lowerprices.
In expectation the bill would get the governor's signature, theConnecticut Insurance Department said it believes the bill strikesa reasonable balance by allowing for a 6 percent rate band.
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