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.
215 ILCS 123/45
Disclosure requirements
Known as the Health Care Purchasing Group Act
The act spans §§ 215-123-1 to 215-123-75 (15 sections).
P.A. 90-337, eff. 1-1-98; 90-567, eff. 1-23-98.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.