92nd General Assembly
Summary of SB0867
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Short description: 
INS LONG TERM CARE                                                         

Synopsis of Bill as introduced:
        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.                                    
Last action on Bill: PUBLIC ACT.............................. 92-0148

   Last action date: JUL-24-2001

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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