Illinois General Assembly - Bill Status for SB3671
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 Bill Status of SB3671  102nd General Assembly


Short Description:  INS CD-LONG TERM CARE RATES

Senate Sponsors
Sen. William R. Haine

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/351A-11.1 new
215 ILCS 5/355from Ch. 73, par. 967


Synopsis As Introduced
Amends the Illinois Insurance Code. Provides that, with respect to long-term care insurance coverage, no policy or certificate, or modification thereof, shall be issued or delivered to any person in this State until the classification of risks and the premium rates pertaining thereto have been approved by the Director of Insurance and that any subsequent addition to or change in premium rates shall also be subject to the Director's approval. Sets forth provisions concerning the standards for approval, determinations by the Director, and public hearings. Provides that, with respect to long-term care insurance, a filing of premium rates shall not be considered complete unless it contains all information necessary to justify the premium rate and such other information as the Director may require to determine the rate's compliance with the provision concerning long-term care insurance rates and prior approval. Sets forth additional requirements for rate filings. Effective immediately.

Actions 
DateChamber Action
  11/7/2014SenateFiled with Secretary by Sen. William R. Haine
  11/7/2014SenateFirst Reading
  11/7/2014SenateReferred to Assignments
  1/13/2015SenateSession Sine Die

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