100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
Introduced , by Rep. Laura Fine
SYNOPSIS AS INTRODUCED:
Creates the Health Insurance Rate Review Act. Creates the independent
quasi-judicial Health Insurance Rate Review Board to ensure insurance rates
are reasonable and justified. Sets forth duties and prohibited activities
concerning the Board. Creates the Health Insurance Rate Review Board
Nomination Panel to provide a list of nominees to the Governor for
appointment to the Health Insurance Rate Review Board. Sets forth the
procedures for nomination. Provides requirements and procedures for health
carriers to file current and proposed rates and rate schedules with the
Health Insurance Rate Review Board. Provides that the Board shall review
and approve or disapprove all rates and rate schedules filed or used by a
health carrier. Sets forth provisions concerning rate standards, public
notice, hearings, and the disapproval and approval of rates and rate
|CORRECTIONAL BUDGET AND IMPACT NOTE ACT MAY APPLY||FISCAL NOTE ACT MAY APPLY|
A BILL FOR
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AN ACT concerning insurance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
This Act may be cited as the
Insurance Rate Review Act.
For the purposes of this Act:
"Board" means the Health Insurance Rate Review Board.
"Director" means the Director of Insurance.
"Health benefit plan" means a policy, contract,
certificate, plan, or agreement offered or issued by a health
carrier to provide, deliver, arrange for, pay for, or reimburse
any of the costs of health care services.
"Health care services" means services for the diagnosis,
prevention, treatment, cure, or relief of a health condition,
illness, injury or disease.
"Health carrier" means an entity subject to the insurance
laws and regulations of this State, or subject to the
jurisdiction of the Director, that contracts or offers to
contract to provide, deliver, arrange for, pay for, or
reimburse any of the costs of health care services, including a
sickness and accident insurance company, a health maintenance
organization, or any other entity providing a plan of health
insurance, health benefits, or health care services. "Health