Bill Text: IL HB2677 | 2015-2016 | 99th General Assembly | Chaptered
Bill Title: Amends the Dental Service Plan Act. Requires dental service plan corporations to comply with provisions of the Illinois Insurance Code concerning reinsurance. Effective immediately.
Sponsorship: Moderate Partisan Bill (Democrat 12-3)
Status: (Passed) 2015-07-28 - Public Act . . . . . . . . . 99-0151 [HB2677 Detail]
Download: Illinois-2015-HB2677-Chaptered.html
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| Public Act 099-0151 | ||||
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AN ACT concerning regulation.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Dental Service Plan Act is amended by | ||||
changing Section 25 and adding Section 27.1 as follows:
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(215 ILCS 110/25) (from Ch. 32, par. 690.25)
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Sec. 25. Application of Insurance Code provisions. Dental | ||||
service
plan corporations and all persons interested therein or | ||||
dealing therewith
shall be subject to the provisions of | ||||
Articles IIA, XI, and XII 1/2
and
Sections 3.1,
133, 136, 139, | ||||
140, 143, 143c, 149, 355.2, 355.3, 367.2, 401, 401.1, 402, 403, | ||||
403A, 408,
408.2, and 412, and subsection (15) of Section 367 | ||||
of the Illinois Insurance
Code.
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(Source: P.A. 97-486, eff. 1-1-12; 97-805, eff. 1-1-13.)
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(215 ILCS 110/27.1 new) | ||||
Sec. 27.1. Reinsurance agreement; filing. A dental service | ||||
plan may enter into reinsurance agreements for dental service. | ||||
Any reinsurance agreement shall be subject to the provisions of | ||||
the laws of this State regarding reinsurance as provided in | ||||
Article XI of the Illinois Insurance Code. All reinsurance | ||||
agreements must be filed with the Director. A reinsurance | ||||
agreement which is not disapproved by the Director within 30 | ||||
days after its submission shall be deemed approved.
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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