|
|
|
|
95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0875
Introduced 2/8/2007, by Sen. William R. Haine - Emil Jones, Jr. SYNOPSIS AS INTRODUCED:
|
|
215 ILCS 5/351A-4 |
from Ch. 73, par. 963A-4 |
|
Amends the Illinois Insurance Code. Makes a technical change in a Section
relating to long-term care insurance.
|
| |
|
|
|
|
A BILL FOR
|
|
|
|
|
SB0875 |
|
LRB095 05623 KBJ 25713 b |
|
|
| 1 |
| AN ACT concerning regulation.
|
| 2 |
| Be it enacted by the People of the State of Illinois, |
| 3 |
| represented in the General Assembly:
|
| 4 |
| Section 5. The Illinois Insurance Code is amended by |
| 5 |
| changing Section 351A-4 as follows:
|
| 6 |
| (215 ILCS 5/351A-4) (from Ch. 73, par. 963A-4)
|
| 7 |
| Sec. 351A-4. Limitation. No long-term care insurance |
| 8 |
| policy may:
|
| 9 |
| (1) Be cancelled, nonrenewed or otherwise terminated |
| 10 |
| on grounds of the
the
age or the deterioration of the |
| 11 |
| mental or physical health of the insured
individual or |
| 12 |
| certificate holder.
|
| 13 |
| (2) Contain a provision establishing a new waiting |
| 14 |
| period in the event
existing coverage is converted to or |
| 15 |
| replaced by a new or other form, except
with respect to an |
| 16 |
| increase in benefits
voluntarily selected by the insured |
| 17 |
| individual or group policyholder.
|
| 18 |
| (3) Provide coverage for skilled nursing care only or |
| 19 |
| provide
significantly more coverage for skilled care in a |
| 20 |
| facility than coverage
for lower levels of care.
|
| 21 |
| (Source: P.A. 92-148, eff. 7-24-01.)
|