96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB3204

 

Introduced 2/9/2010, by Sen. David Luechtefeld - Randall M. Hultgren - Kyle McCarter

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/355.1   from Ch. 73, par. 967.1

    Amends the Illinois Insurance Code. Makes a technical change in a Section concerning loss of time benefits.


LRB096 20491 RPM 36155 b

 

 

A BILL FOR

 

SB3204 LRB096 20491 RPM 36155 b

1     AN ACT concerning regulation.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Insurance Code is amended by
5 changing Section 355.1 as follows:
 
6     (215 ILCS 5/355.1)  (from Ch. 73, par. 967.1)
7     Sec. 355.1. No claim for benefits for loss of time from the
8 the insured person's occupation, under a group or individual
9 accident and health insurance policy delivered in this State
10 more than 120 days after the effective date of this Section,
11 shall be reduced by reason of any cost-of-living increase,
12 designated as such under the Federal Social Security Act, if
13 such cost-of-living increase occurs while the policy's
14 benefits are payable for that claim.
15 (Source: P.A. 78-603.)