The Illinois Insurance Department is imposing new reporting requirements for health insurers seeking to raise rates, making it one of a number of states using federal funds to dig deeper into proposed premium increases.

Once lauded as a way for the federal government to aid states in conducting reviews of “unreasonable” rate increases on health insurance, a plan pitched by the Obama Administration is not in a health reform bill set for a vote March 21.

The possible end of bans on contingent commissions and New York’s proposal of new rules on broker compensation could lead to national and state regulatory changes affecting insurance sales.

A day after sharp criticism from a New York regulator on their decision not to participate in a hearing on ratings services and their impact on the insurance industry, Moody’s Investors Services has said it will attend the gathering.

The National Association of Insurance Commissioners will take an in-depth look at the nation’s credit rating agencies, from their role in regulation in light of the current financial climate to a possible alternative to the groups.