State of Illinois
92nd General Assembly
Legislation

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[ Introduced ][ Enrolled ][ House Amendment 001 ]


92_SB0935eng

 
SB935 Engrossed                                LRB9207852JSpc

 1        AN ACT concerning 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    adding Section 155.37 as follows:

 6        (215 ILCS 5/155.37 new)
 7        Sec.   155.37.  Drug   formulary;   notice.     Insurance
 8    companies  that  transact  the  kinds of insurance authorized
 9    under Class 1(b) or Class 2(a) of Section 4 of this Code  and
10    provide  coverage for prescription drugs through the use of a
11    drug formulary must notify insureds  of  any  change  in  the
12    formulary.  A company may comply with this Section by posting
13    changes in the formulary on its website.

14        Section  99.  Effective date.  This Act takes effect upon
15    becoming law.

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