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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0915
Introduced 2/18/2005, by Sen. William R. Haine - Emil Jones, Jr. SYNOPSIS AS INTRODUCED:
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215 ILCS 5/351A-4 |
from Ch. 73, par. 963A-4 |
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Amends the Illinois Insurance Code. Makes a technical change in a Section
relating to long-term care insurance.
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A BILL FOR
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SB0915 |
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LRB094 04518 LJB 34547 b |
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| AN ACT concerning regulation.
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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 351A-4 as follows:
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| (215 ILCS 5/351A-4) (from Ch. 73, par. 963A-4)
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| Sec. 351A-4. Limitation. No long-term care insurance |
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| policy may:
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| (1) Be cancelled, nonrenewed or otherwise terminated |
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| on grounds of the
the
age or the deterioration of the |
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| mental or physical health of the insured
individual or |
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| certificate holder.
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| (2) Contain a provision establishing a new waiting |
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| period in the event
existing coverage is converted to or |
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| replaced by a new or other form, except
with respect to an |
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| increase in benefits
voluntarily selected by the insured |
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| individual or group policyholder.
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| (3) Provide coverage for skilled nursing care only or |
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| provide
significantly more coverage for skilled care in a |
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| facility than coverage
for lower levels of care.
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| (Source: P.A. 92-148, eff. 7-24-01.)
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