Synopsis As Introduced Amends the Illinois Insurance Code. Deletes language that provides that moneys in the Insurance Financial Regulation Fund may be transferred to the Professions Indirect Cost Fund, as authorized under the Department of Professional Regulation Law of the Civil Administrative Code of Illinois.
Replaces everything after the enacting clause. Amends the Personnel Code to exempt employees of the Health Benefits Exchange from jurisdictions A, B, and C. Amends the Illinois State Auditing Act to provide the Auditor General with the authority to conduct an audit of the Illinois Health Benefits Exchange. Amends the Comprehensive Health Insurance Plan Act to provide for the cessation of the insurance operations of the Plan on January 1, 2014 and the repeal of the Act on January 1, 2015. Amends the Illinois Health Benefits Exchange Law. Makes changes concerning the legislative intent of the Law. Sets forth definitions. Establishes the Illinois Health Benefits Exchange as a political subdivision, body politic and corporate beginning on the effective date of the amendatory Act (instead of October 1, 2013). Provides that the Exchange shall be a public entity, but shall not be considered a department, institution, or agency of the State. Sets forth provisions concerning health benefit plan certification. Deletes references to the Illinois Health Benefits Exchange Legislative Study Committee and establishes instead the Illinois Health Benefits Exchange Legislative Oversight Committee within the Commission on Government Forecasting and Accountability. Provides that the governing and administrative powers of the Exchange shall be vested in a body known as the Illinois Health Benefits Exchange Board and sets forth provisions concerning appointments, terms, meetings, the Board's structure, recusal, a budget, a revenue generating plan, and the Board's purpose. Sets forth provisions concerning insurer's assessments. Establishes the Illinois Health Benefits Exchange Fund. Sets forth provisions concerning enrollment through brokers and agents, producer compensation, examination or investigation of the Exchange, and dissolution of the Comprehensive Health Insurance Plan. Makes other changes. Effective immediately.