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(215 ILCS 5/370a) (from Ch. 73, par. 982a)
Sec. 370a.
Assignability of Accident and Health Insurance.
No provision of the Illinois Insurance Code, or any other law, prohibits
an insured under any policy of accident and health insurance or any other
person who may be the owner of any rights under such policy from making an
assignment of all or any part of his rights and privileges under the policy
including but not limited to the right to designate a beneficiary and to
have an individual policy issued in accordance with its terms. Subject to
the terms of the policy or any contract relating thereto, an assignment by
an insured or by any other owner of rights under the policy, made before or
after the effective date of this amendatory Act of 1969 is valid for the
purpose of vesting in the assignee, in accordance with any provisions
included therein as to the time at which it is effective, all rights and
privileges so assigned. However, such assignment is without prejudice to
the company on account of any payment it makes or individual policy it
issues before receipt of notice of the assignment. This amendatory Act of
1969 acknowledges, declares and codifies the existing right of assignment
of interests under accident and health insurance policies.
If an enrollee or insured of an insurer, health maintenance organization,
managed care plan, health care plan, preferred provider organization, or third
party administrator assigns a claim to a health care professional or health
care facility, then payment
shall be made directly to the health care professional or health care facility
including any interest
required under Section 368a, of this Code for failure to pay
claims
within 30
days after receipt by the insurer of due proof of loss. Nothing in this
Section shall be construed to prevent any parties from reconciling duplicate
payments.
(Source: P.A. 91-605, eff. 12-14-99; 91-788, eff. 6-9-00.)
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