IL HB4147 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 17 2020 - 25% progression, died in committee
Action: 2020-01-22 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 17 2020 - 25% progression, died in committee
Action: 2020-01-22 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Insurance Code. Provides that issuers of all long-term care policies issued, amended, renewed, or delivered after the effective date of the amendatory Act must submit all proposed rate changes to the Director of Insurance for approval. Provides that the Director shall disapprove of rate increases he or she does not find to be reasonable in relation to benefits under the policy and that all rates are subject to all minimum loss ratio requirements under the Illinois Administrative Code. Requires the Department of Insurance to accept comments on specified rates and, on and after January 1, 2021, to submit an annual report regarding long-term rate changes in the Illinois market to the General Assembly. Effective immediately.
Title
INS CODE-LONG-TERM CARE RATES
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-01-22 | House | Referred to Rules Committee |
2020-01-22 | House | First Reading |
2020-01-17 | House | Filed with the Clerk by Rep. Jennifer Gong-Gershowitz |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4147&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
Text | https://www.ilga.gov/legislation/101/HB/10100HB4147.htm |