INS CD-CLAIM EXCLUDE
Synopsis of Bill as introduced:
Amends the Illinois Insurance Guaranty Fund provisions of
the Illinois Insurance Code. Provides that covered claim
does not include certain third party claims against insurers. Repeals
certain provisions concerning exhaustion of claims. Provides that an
insured or claimant shall be required to first exhaust all coverage
provided by any other insurance policy if the claim arises from the
same facts, injury, or loss that gave rise to the covered claim
against the Fund. Provides that the Fund's obligation shall be
reduced by the amount recovered or recoverable, whichever is greater,
under the other insurance policy. Provides that to the extent the
Fund's obligation is reduced, the liability of the person insured by
the insolvent insurer's policy for the claim shall be reduced in the
same amount. Makes other changes. Effective immediately.
HOUSE AMENDMENT NO. 1.
Further amends the Illinois Insurance Code. Makes a technical
correction. Provides that the Fund's power to sue includes, but is
not limited to, the power and right to intervene as a party rather
than that the Fund's power and right to sue includes, but is not
limited to, the power to intervene as a party.
FISCAL NOTE (Dpt. Insurance)
HB1552 will have no fiscal impact on the Department.
STATE MANDATES FISCAL NOTE, H-AM 1
HB1552, with H-am 1, fails to create a State mandate.
HOUSE AMENDMENT NO. 2.
Further amends the Illinois Insurance Code. Provides that the
liquidator of an insolvent company shall be bound by determinations of
covered claim eligibility under the Act and by settlements of claims
made by the Fund or a similar organization in another state only to
the extent that those determinations or settlements satisfy
obligations of the Fund, but the receiver shall not be bound by those
determinations or settlements to the extent that there remains a claim
in the estate for amounts in excess of the payments by the Fund.
Provides that the Fund has the right to recover the amount of any
covered claims and allocated claim expenses from an insured whose net
worth on December 31 of the year next preceding the date the company
becomes an insolvent company exceeds $25,000,000 (now $50,000,000).
FISCAL NOTE, AMENDED (Dpt. Insurance)
No change from previous fiscal note.
SENATE AMENDMENT NO. 1.
Deletes reference to:
215 ILCS 5/534.3
215 ILCS 5/538.4
215 ILCS 5/545
215 ILCS 5/546
Deletes all substantive provisions. Adds a caption to a Section
defining the term "insolvent company".
SENATE AMENDMENT NO. 2.
Deletes reference to:
215 ILCS 5/534.4
Adds reference to:
5 ILCS 375/6.11
30 ILCS 805/8.22 new
55 ILCS 5/5-1069.3
65 ILCS 5/10-4-2.3
105 ILCS 5/10-22.3f
215 ILCS 5/356w new
215 ILCS 125/5-3 from Ch. 111 1/2, par. 1411.2
215 ILCS 130/3009 from Ch. 73, par. 1503-9
215 ILCS 165/10 from Ch. 32, par. 604
305 ILCS 5/5-16.8
Amends the Illinois Insurance Code to require that group policies
of accident and health insurance provide coverage for diabetes
self-management training and education. Requires coverage for
necessary pharmaceuticals and supplies and regular foot care. Amends
the State Employees Group Insurance Act of 1971, the Counties Code,
the Illinois Municipal Code, the School Code, the Health Maintenance
Organization Act, the Limited Health Service Organization Act, the
Voluntary Health Services Plans Act, and the Illinois Public Aid Code
to require that coverage for diabetes self-management and education be
provided by health care programs operating under those Acts.
Effective January 1, 1999.
SENATE AMENDMENT NO. 3.
Adds reference to:
215 ILCS 5/356x new
Amends the Illinois Insurance Code to require group accident and
health insurance policies to provide coverage for colorectal cancer
screening. Amends the State Employees Group Insurance Act of 1971,
the Counties Code, the Illinois Municipal Code, the School Code, the
Health Maintenance Organization Act, the Limited Health Service
Organization Act, the Voluntary Health Services Plans Act, and the
Illinois Public Aid Code to require that coverage for colorectal
cancer screening be provided by health care programs operated under
SENATE AMENDMENT NO. 4.
Amends the Illinois Insurance Code. Provides that a policy that
allows payment of a percentage of the face amount of benefits in
advance upon a diagnosis that the insured has incurred a medical
condition listed in the policy may pay up to 75%, rather than 25%, of
the benefits in advance. Provides that total and permanent disability
or any condition approved by the Department of Insurance may qualify
for advance payments. Provides that the changes concerning advance
payment of life insurance benefits take effect upon becoming law. The
remainder of the bill takes effect January 1, 1999.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 4
END OF INQUIRY
Full Text Bill Status