PETERSON. (PARKE-OSMOND-COWLISHAW-YARBROUGH-MATHIAS) 215 ILCS 5/351A-1 from Ch. 73, par. 963A-1 215 ILCS 5/351A-4 from Ch. 73, par. 963A-4 215 ILCS 5/351A-7 from Ch. 73, par. 963A-7 215 ILCS 5/351A-8 from Ch. 73, par. 963A-8 215 ILCS 5/351A-9.2 new 215 ILCS 5/351A-9.3 new Amends the Illinois Insurance Code in relation to long-term care insurance. Provides that the term "long-term care insurance" includes policies that provide for payment of benefits based upon cognitive impairment or loss of functional capacity. Requires coverage outlines to disclose whether the policy is a federally tax-qualified long-term care policy. Requires policies to be delivered within 30 days after the applicant is approved. Requires insurers to provide explanations of denials within 60 days after a request. Effective immediately. SENATE AMENDMENT NO. 1. Changes a cross-reference to the Internal Revenue Code regarding contracts that are guaranteed renewable. FEB-21-2001 S FIRST READING FEB-21-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-06-2001 S AMENDMENT NO. 01-INS & PENS. S MAR-06-2001 S ADOPTED MAR-06-2001 S DO PASS AS AMENDED 010-000-000 SINS MAR-06-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-03-07 MAR-07-2001 S SECOND READING MAR-07-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-03-08 MAR-08-2001 S THIRD READING - PASSED 056-000-000 MAR-08-2001 H ARRIVE IN HOUSE MAR-08-2001 H PLACED CALENDAR ORDER OF FIRST READING MAR-12-2001 H HOUSE SPONSOR PARKE MAR-13-2001 H FIRST READING MAR-13-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES MAR-26-2001 H ADDED AS A JOINT SPONSOR OSMOND MAR-29-2001 H ADDED AS A JOINT SPONSOR COWLISHAW APR-03-2001 H ASSIGNED TO COMMITTEE INSURANCE APR-25-2001 H DO PASS/SHORT DEBATE 010-000-000 HINS APR-25-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE APR-26-2001 H SECOND READING-SHORT DEBATE APR-26-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAY-01-2001 H ADDED AS A JOINT SPONSOR YARBROUGH MAY-03-2001 H ADDED AS A JOINT SPONSOR MATHIAS MAY-08-2001 H THIRD READING/SHORT DEBATE/PASSED 113-000-000 MAY-08-2001 S PASSED BOTH HOUSES JUN-06-2001 S SENT TO THE GOVERNOR JUL-24-2001 S GOVERNOR APPROVED JUL-24-2001 S EFFECTIVE DATE 01-07-24 JUL-24-2001 S PUBLIC ACT.............................. 92-0148 END OF INQUIRY Full Text Bill Summary