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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0871
Introduced 2/8/2007, by Sen. William R. Haine - Emil Jones, Jr. SYNOPSIS AS INTRODUCED:
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215 ILCS 5/355.1 |
from Ch. 73, par. 967.1 |
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Amends the Illinois Insurance Code. Makes
a technical
change in a Section concerning loss of time benefits.
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A BILL FOR
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SB0871 |
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LRB095 05625 KBJ 25715 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 355.1 as follows:
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| (215 ILCS 5/355.1) (from Ch. 73, par. 967.1)
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| Sec. 355.1. No claim for benefits for loss of time from the
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| the insured person's
occupation, under a group or individual |
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| accident and health insurance
policy delivered in this State |
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| more than 120 days after the effective date
of this Section, |
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| shall be reduced by reason of any cost-of-living increase,
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| designated as such under the Federal Social Security Act, if |
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| such
cost-of-living increase occurs while the policy's |
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| benefits are payable for
that claim. |
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| (Source: P.A. 78-603.)
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