Bill > HB3595

This bill creates a new Article in the Illinois Insurance Code specifically addressing pet insurance, providing comprehensive regulations for how pet insurance policies can be structured and sold. The bill defines key terms like "preexisting condition," "chronic condition," and "wellness program," and establishes detailed disclosure requirements for pet insurers. Pet insurance companies must clearly explain policy exclusions, waiting periods, and claim payment methods, including prominent notices about these details on their websites and policy documents. The legislation allows insurers to exclude coverage for preexisting conditions but requires them to prove such exclusions, and limits waiting periods to 30 days for illnesses and orthopedic conditions (with no waiting periods allowed for accidents). Notably, the bill provides consumers with a 30-day right to examine and return a policy for a full refund if they are unsatisfied, mandates transparency about policy terms, and prohibits marketing wellness programs as pet insurance. The bill aims to create a clear legal framework that protects consumers while giving pet insurers flexibility in designing their products, and it applies to all pet insurance policies sold to Illinois residents.

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https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3595&GAID=18&DocTypeID=HB&SessionID=114&GA=104