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






1
    AN ACT concerning regulation.

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

 
4
    Section 5. The Illinois Insurance Code is amended by 
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changing Section 355.1 as follows:
 



6
    (215 ILCS 5/355.1)  (from Ch. 73, par. 967.1)



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    Sec. 355.1. 
No claim for benefits for loss of time from the

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the insured person's
occupation, under a group or individual 
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accident and health insurance
policy delivered in this State 
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more than 120 days after the effective date
of this Section, 
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shall be reduced by reason of any cost-of-living increase,

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designated as such under the Federal Social Security Act, if 
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such
cost-of-living increase occurs while the policy's 
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benefits are payable for
that claim.
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(Source: P.A. 78-603.)