(215 ILCS 123/5)
Sec. 5.
Purpose; applicability of Illinois Health Insurance Portability
and Accountability Act.
(a) The purpose and intent of this Act is
to authorize the formation, operation, and regulation of health care
purchasing groups (referred to in this Act as "HPGs") as described by
this Act, to authorize the sale and regulation of health
insurance products for employers that are sold to HPGs, and to
encourage the development of financially secure and cost
effective markets for the basic health care needs of employers,
employees, and their dependents in this State.
Nothing in this Act authorizes an employer to join with other employers to
self-insure through risk pooling.
(b) All health insurance contracts issued under this Act are subject to
the Illinois Health Insurance Portability and Accountability Act.
(Source: P.A. 90-337, eff. 1-1-98; 90-567, eff. 1-23-98.)
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