Senate Sponsors: PETERSON. House Sponsors: PARKE-OSMOND-COWLISHAW-YARBROUGH-MATHIAS Short description: INS LONG TERM CARE Synopsis of Bill as introduced: Amends the Illinois Insurance Code in relation to long-term care insurance. Provides that the term "long-term care insurance" includes policies that provide for payment of benefits based upon cognitive impairment or loss of functional capacity. Requires coverage outlines to disclose whether the policy is a federally tax-qualified long-term care policy. Requires policies to be delivered within 30 days after the applicant is approved. Requires insurers to provide explanations of denials within 60 days after a request. Effective immediately. SENATE AMENDMENT NO. 1. Changes a cross-reference to the Internal Revenue Code regarding contracts that are guaranteed renewable. Last action on Bill: PUBLIC ACT.............................. 92-0148 Last action date: JUL-24-2001 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status