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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB2687
Introduced 2/24/2009, by Rep. David R. Leitch SYNOPSIS AS INTRODUCED:
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215 ILCS 5/143.11 |
from Ch. 73, par. 755.11 |
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Amends the Illinois Insurance Code to provide that if an insurer's cancellation provision provides that the insured may cancel the policy by the nonpayment of premium, then the insured may give written notification of cancellation of a group health insurance policy up to the last day of the policy year or the policy may lapse for nonpayment of premium. Provides that if any benefits are paid with a date of service after the preceding policy lapse date, then the responsibility to pay shall be by the succeeding carrier, the employer, or by a combination of the parties pursuant to the terms of the new policy in force.
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A BILL FOR
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HB2687 |
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LRB096 11032 RPM 21333 b |
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| AN ACT concerning insurance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Insurance Code is amended by |
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| changing Section 143.11 as follows:
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| (215 ILCS 5/143.11) (from Ch. 73, par. 755.11)
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| Sec. 143.11. Cancellation Provisions. All companies |
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| authorized to
transact in this State the kinds of business |
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| enumerated in Section 4 of
the "Illinois Insurance Code" shall |
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| include in their policies, except
life, accident and health, |
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| fidelity and surety, and ocean marine policies,
a cancellation |
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| provision setting out the manner in which such policies may be
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| cancelled. If the cancellation provision provides that the |
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| insured may cancel the policy by the nonpayment of premium, |
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| then the insured may give written notification of cancellation |
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| of a group health insurance policy up to the last day of the |
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| policy year or the policy may lapse for nonpayment of premium. |
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| If any benefits are paid with a date of service after the |
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| preceding policy lapse date, then the responsibility to pay |
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| shall be by the succeeding carrier, the employer, or by a |
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| combination of the parties pursuant to the terms of the new |
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| policy in force. However, nothing contained in Section 143.12 |
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| through Section
143.24 shall apply to contracts of reinsurance |
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