98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB0574

 

Introduced 1/25/2013, by Rep. Michael J. Madigan

 

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.


LRB098 03389 RPM 33404 b

 

 

A BILL FOR

 

HB0574LRB098 03389 RPM 33404 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Insurance Code is amended by
5changing 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
8policy 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.)