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Illinois Statutes Chapter 215. Insurance § 123/45. Disclosure requirements

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 45. Disclosure requirements. In connection with the offering for sale of any health insurance contract or certificate under the contract to an HPG sponsor, HPG, employer, and employee, a risk-bearer shall make a reasonable disclosure, as part of its solicitation and sales materials of all of the following:

(1) the provisions of the health insurance contracts concerning the risk-bearer's right to change premium rates and the factors, other than claim experience, that affect changes in premium rates;

(2) the provisions relating to renewability of policies and contracts;

(3) the provisions relating to any preexisting condition provision; and

(4) the provisions relating to portability provisions.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 215. Insurance § 123/45. Disclosure requirements - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-215-insurance/il-st-sect-215-123-45/

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