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92_HB2373
LRB9204685JSpcA
1 AN ACT relating to insurance.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Insurance Code is amended by
5 changing Section 351B-3 as follows:
6 (215 ILCS 5/351B-3) (from Ch. 73, par. 963B-3)
7 Sec. 351B-3. Small employer group accident and health
8 insurance.
9 (a) Small employer group accident and health insurance
10 is hereby declared to be that form of accident and health
11 insurance that provides coverage for each person insured
12 under the group policy for the expenses incurred because of
13 care rendered by a physician or hospital for the treatment of
14 an injury or sickness and which covers at least 2 but not
15 more than 50 25 employees, members, or employees of members
16 (exclusive of dependents) written under a master policy
17 issued to any governmental corporation, unit, agency, or
18 department thereof or to any corporation, copartnership, or
19 individual employer or to any association upon application of
20 an executive officer or trustee of an association having a
21 constitution or bylaws and formed in good faith for purposes
22 other than that of obtaining insurance, where officers,
23 members, employees, or employees of members or classes or
24 departments thereof may be insured for their individual
25 benefit. In addition, a small employer group accident and
26 health policy may be written to insure any group that may be
27 insured under a group life insurance policy as long as the
28 number of employees, members, or employees of members
29 (exclusive of dependents) is at least 2 but does not more
30 than exceed 50 25. The term "employees" shall include the
31 officers, managers, and employees of subsidiary or affiliated
-2- LRB9204685JSpcA
1 corporations, and the individual proprietors, partners, and
2 employees of affiliated individuals or firms when the
3 business of the subsidiary or affiliated corporations or
4 affiliated firms or individuals is controlled by a common
5 employer through stock ownership, contract, or otherwise.
6 (b) For the purpose of providing coverage authorized
7 under this Article a trust composed of employers or members
8 each of which has at least 2 but not more than 50 25 or fewer
9 employees (exclusive of dependents) may serve as the master
10 policyholder.
11 (Source: P.A. 86-1407.)