Bill > HB5260

This bill makes several changes to Illinois insurance laws, including allowing the Department of Insurance to adopt federal rules for laws implementing the Patient Protection and Affordable Care Act (often called Obamacare) without needing to specify exact dates or exclude later amendments, which streamlines the adoption of federal regulations. It also modifies rules for transferring property and casualty insurance policies, making such transfers considered a renewal rather than a non-renewal, and adjusts formatting requirements for insurance company supplier diversity reports to be in a format designated by the Department. The bill expands insurance coverage for dependent parents to include parents or stepparents who meet specific federal definitions of a qualifying relative and reside within the policy's service area, while also clarifying exceptions for certain types of coverage. Additionally, it strengthens confidentiality protections for information shared between the Department of Insurance and other regulatory bodies, ensuring that confidential information received from other jurisdictions remains confidential in Illinois. The bill also allows the Department to waive fees for pre-licensing or continuing education courses if they are provided free of charge by a government entity, and it repeals the Health Care Purchasing Group Act. Finally, it removes an exemption for short-term, limited-duration health insurance coverage with a network plan from the Network Adequacy and Transparency Act, meaning these plans will now be subject to the Act's requirements.

https://www.ilga.gov/Legislation/BillStatus?DocNum=5260&GAID=18&DocTypeID=HB&SessionID=114&GA=104