SB0871 95TH GENERAL ASSEMBLY

LRB095 05625 KBJ 25715 b

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:

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.

A BILL FOR

AN ACT concerning regulation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Insurance Code is amended by changing Section 355.1 as follows:

(215 ILCS 5/355.1) (from Ch. 73, par. 967.1)

Sec. 355.1. No claim for benefits for loss of time from the the insured person's occupation, under a group or individual accident and health insurance policy delivered in this State more than 120 days after the effective date of this Section, shall be reduced by reason of any cost-of-living increase, designated as such under the Federal Social Security Act, if such cost-of-living increase occurs while the policy's benefits are payable for that claim.

(Source: P.A. 78-603.)