Bill Text: IL HB0998 | 2013-2014 | 98th General Assembly | Introduced
Bill Title: Amends the Illinois Insurance Code. Makes a technical change in a Section relating to long-term care insurance.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB0998 Detail]
Download: Illinois-2013-HB0998-Introduced.html
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| 1 | AN ACT concerning regulation.
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| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Insurance Code is amended by | |||||||||||||||||||
| 5 | changing Section 351A-4 as follows:
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| 6 | (215 ILCS 5/351A-4) (from Ch. 73, par. 963A-4)
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| 7 | Sec. 351A-4. Limitation. No long-term care insurance | |||||||||||||||||||
| 8 | policy may:
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| 9 | (1) Be cancelled, nonrenewed or otherwise terminated | |||||||||||||||||||
| 10 | on grounds of the
the
age or the deterioration of the | |||||||||||||||||||
| 11 | mental or physical health of the insured
individual or | |||||||||||||||||||
| 12 | certificate holder.
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| 13 | (2) Contain a provision establishing a new waiting | |||||||||||||||||||
| 14 | period in the event
existing coverage is converted to or | |||||||||||||||||||
| 15 | replaced by a new or other form, except
with respect to an | |||||||||||||||||||
| 16 | increase in benefits
voluntarily selected by the insured | |||||||||||||||||||
| 17 | individual or group policyholder.
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| 18 | (3) Provide coverage for skilled nursing care only or | |||||||||||||||||||
| 19 | provide
significantly more coverage for skilled care in a | |||||||||||||||||||
| 20 | facility than coverage
for lower levels of care.
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| 21 | (Source: P.A. 92-148, eff. 7-24-01.)
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