Synopsis As Introduced Amends the Medical Practice Act of 1987. Provides that a physician must maintain a minimum of $1,000,000 in liability coverage. Amends the Illinois Insurance Code. Provides that insurers in the business of providing liability insurance must establish, with respect to medical malpractice policies, a premium scale for coverage classification wherein premiums are proportional to settlements paid on the insured's behalf.
House Committee Amendment No. 1 Provides that a physician must maintain liability coverage in an amount proportionate to the settlements paid on behalf of physicians who practice in the same field of practice in which the physician practices. Removes the requirement that a physician maintain minimum liability coverage of $1,000,000.