Bill Title: Amends the Illinois Insurance Code. Provides that if active employment is a condition of a policy of group life insurance, in order to be delivered in the State the policy must contain provisions that state that continued coverage for specified active employees will remain in effect until the earliest of specified dates, and specified obligations of the replacing carrier may be limited to the amount for which the employee was covered under the prior carrier's group life insurance policy and may be reduced by any amounts payable under the prior carrier's group life insurance policy. Effective immediately.

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Passed) 2022-05-06 - Public Act . . . . . . . . . 102-0743 [SB2963 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2022-05-09	HTML/Text	Link	View
Enrolled	2022-03-28	HTML/Text	Link	View
Engrossed	2022-02-23	HTML/Text	Link	View
Introduced	2021-12-15	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2963

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2963 currently on file.

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