97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB2977

 

Introduced 2/23/2011, by Rep. Mary E. Flowers

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/368g new

    Amends the Illinois Insurance Code. Provides that companies that issue accident and health insurance policies must disclose to each policy holder whether and to what extent that company has complied during the previous year with the medical loss ratio provisions of the federal Patient Protection and Affordable Care Act. Provides that the disclosure shall be issued to each policy holder upon enrollment and annually thereafter and shall include information explaining the rights of the policy holder under the federal Patient Protection and Affordable Care Act. Effective immediately.


LRB097 06280 RPM 46356 b

 

 

A BILL FOR

 

HB2977LRB097 06280 RPM 46356 b

1    AN ACT concerning insurance.
 
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 adding
5Section 368g as follows:
 
6    (215 ILCS 5/368g new)
7    Sec. 368g. Medical loss ratio disclosure. Companies that
8issue individual or group policies of accident and health
9insurance must disclose to each policy holder whether and to
10what extent that company has complied during the previous year
11with the medical loss ratio provisions of the federal Patient
12Protection and Affordable Care Act. The disclosure required by
13this Section shall be issued to each policy holder upon
14enrollment and annually thereafter and shall include
15information explaining the rights of the policy holder under
16the federal Patient Protection and Affordable Care Act.
 
17    Section 99. Effective date. This Act takes effect upon
18becoming law.