Bill Text: IL HB1732 | 2009-2010 | 96th General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2009-04-03 - Rule 19(a) / Re-referred to Rules Committee [HB1732 Detail]

Download: Illinois-2009-HB1732-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB1732 Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - Monique D. Davis 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 05366 RPM 15432 b
A BILL FOR
HB1732 LRB096 05366 RPM 15432 b
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.)