Insurance Committee
Filed: 3/10/2009
 
 

 




 

 		












09600HB2687ham001

LRB096 11032 AMC 23333 a






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AMENDMENT TO HOUSE BILL 2687 




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    AMENDMENT NO. ______. Amend House Bill 2687  by replacing 
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everything after the enacting clause with the following:


 
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    "Section 5. The Illinois Insurance Code is amended  by 
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changing Section 143.11 as follows:
 



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    (215 ILCS 5/143.11)  (from Ch. 73, par. 755.11)



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    Sec. 143.11. Cancellation Provisions. All companies 
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authorized to
transact in this State the kinds of business 
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enumerated in Section 4 of
the "Illinois Insurance Code" shall 
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include in their policies, except
life, accident and health, 
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fidelity and surety, and ocean marine policies,
a cancellation 
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provision setting out the manner in which such policies may be

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cancelled. The cancellation provision shall provide that the 
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policy automatically lapses for nonpayment of premium due 
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retroactive through the last day of the last month for which 
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the premium was paid. The insured may also choose to cancel the 
 


 






09600HB2687ham001
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LRB096 11032 AMC 23333 a




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group health insurance policy with written notification up to 
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the last day of the policy year.  If any benefits are paid with 
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a date of service after the preceding policy lapse date, then 
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the responsibility to pay shall be by the succeeding carrier, 
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the employer, or by a combination of the parties pursuant to 
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the terms of the new policy in force.  However, nothing 
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contained in Section 143.12 through Section
143.24 shall apply 
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to contracts of reinsurance or to contracts procured
by agents 
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under the authority of Section 445.

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(Source: P.A. 80-1365.)".