Illinois General Assembly - Bill Status for HB4493

Amends the Illinois Insurance Code. In provisions concerning uninsured motor vehicle coverage, provides that no motor vehicle insurance policy shall be renewed, delivered, or issued in the State unless coverage is made available in the amount of the cash value of the motor vehicle or the limit for uninsured motor vehicle property damage (rather than $15,000), whichever is less. In provisions concerning fraud reporting, provides that the Director of Insurance may request an insurer to report factual information that is pertinent to suspected insurance fraud after a determination that the information is necessary to detect fraud or arson. Removes language providing that the Director is authorized to establish fraud reporting requirements by rule. In provisions concerning standard non-forfeiture for individual deferred annuities, changes an interest rate to 0.15% (rather than 1%). Sets forth provisions concerning availability of information on qualified health plans. In provisions concerning refunds, penalties, and collection, provides that the Department of Insurance shall deposit an amount of cash refunds approved by the Director (rather than an amount calculated by using an annual percentage) into the Insurance Premium Tax Refund Fund. Repeals a provision concerning preexisting condition exclusions. Makes other changes. Makes conforming changes in the Health Maintenance Organization Act, the Limited Health Service Organization Act, and the Voluntary Health Services Plans Act. Amends the Illinois Health Insurance Portability and Accountability Act. Provides that no health insurance coverage issued, amended, delivered, or renewed on or after the effective date of the amendatory Act may impose any preexisting condition exclusion with respect to the plan or coverage. Removes language concerning preexisting condition exclusion limitations. Amends the Workers' Compensation Act. In provisions concerning decisions of the Industrial Commission, provides that the State of Illinois shall not be required to file a bond to secure payment of an award for payment of money and the costs of proceedings in the court to authorize the circuit court to issue summons. Amends the Unemployment Insurance Act. Provides that the Director may make available to the Department of Insurance information regarding employers for the purpose of verifying insurance coverage. Effective immediately.

Replaces everything after the enacting clause with the provisions of the introduced bill with the following changes. Removes provisions concerning fraud reporting. Amends the Illinois Motor Vehicle Theft Prevention and Insurance Verification Act. Provides that before April 1 of each year, each insurer engaged in writing private passenger motor vehicle insurance coverage may collect and shall pay (rather than shall collect and remit) to the Department of Insurance specified amounts determined by the Illinois Law Enforcement Training Board for deposit into the State Police Training and Academy Fund and the Law Enforcement Training Fund. Further amends the Illinois Insurance Code. Sets forth filing fees and charges. Provides that the Director shall charge and collect the sum of $40 (rather than $20) for any service of process on the Director as attorney. In provisions concerning the Illinois Workers' Compensation Commission Operations Fund surcharges, provides that when a company fails to pay the full amount of any annual Illinois Workers' Compensation Commission Operations Fund Surcharge of $100 or more, there shall be added to the amount due as a penalty an amount equal to 10% (rather than the greater of $1,000 or an amount equal to 5%) of the deficiency for each month or part of a month that the deficiency remains unpaid. Amends the Workers' Compensation Act and the Workers' Occupational Diseases Act. In provisions concerning decisions of the Illinois Workers' Compensation Commission, provides that the State Treasurer shall not be required to file a bond to secure the payment of an award and the costs of proceedings in court to authorize the court to issue summons for a fund administered by the State Treasurer ex officio. Makes other changes. Effective immediately.

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