SB1327 - 104th General Assembly
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| 1 | AMENDMENT TO SENATE BILL 1327 | ||||||
| 2 | AMENDMENT NO. ______. Amend Senate Bill 1327 by replacing | ||||||
| 3 | everything after the enacting clause with the following: | ||||||
| 4 | "Section 5. The Illinois Insurance Code is amended by | ||||||
| 5 | adding Section 370c.5 as follows: | ||||||
| 6 | (215 ILCS 5/370c.5 new) | ||||||
| 7 | Sec. 370c.5. Disability income insurance mental health and | ||||||
| 8 | substance use disorder coverage disclosure. | ||||||
| 9 | (a) On and after January 1, 2028, no insurer shall amend, | ||||||
| 10 | deliver, issue, or renew a group or individual policy or | ||||||
| 11 | certificate of disability income insurance in this State | ||||||
| 12 | without a disclosure, provided at the time of application, | ||||||
| 13 | that includes a notification stating that: | ||||||
| 14 | (1) the long-term disability coverage selected by the | ||||||
| 15 | potential policyholder or plan sponsor limits the duration | ||||||
| 16 | of coverage for mental health or substance use disorders; | ||||||
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| 1 | and | ||||||
| 2 | (2) the potential policyholder or plan sponsor has the | ||||||
| 3 | right to request more information about the limitation and | ||||||
| 4 | other coverage options that include an unlimited duration, | ||||||
| 5 | if available. | ||||||
| 6 | (b) Receipt of the disclosure described in paragraph (a) | ||||||
| 7 | must be acknowledged by the potential policyholder or plan | ||||||
| 8 | sponsor, and evidence of the disclosure and acknowledgment | ||||||
| 9 | must be retained by the insurance company offering the | ||||||
| 10 | coverage for a period of no less than 2 years. | ||||||
| 11 | Section 99. Effective date. This Act takes effect January | ||||||
| 12 | 1, 2028.". | ||||||
