REGULATION-TECH

Amends the Illinois Insurance Code. Makes a technical change in a Section concerning property and casualty insurers. House Floor Amendment No. 1 Deletes reference to: 215 ILCS 5/126.21 Adds reference to: 5 ILCS 100/5-45.21 new 215 ILCS 5/132 from Ch. 73, par. 744 215 ILCS 5/132.5 from Ch. 73, par. 744.5 215 ILCS 5/155.35 215 ILCS 5/402 from Ch. 73, par. 1014 215 ILCS 5/408 from Ch. 73, par. 1020 215 ILCS 5/511.109 from Ch. 73, par. 1065.58-109 215 ILCS 5/512-3 from Ch. 73, par. 1065.59-3 215 ILCS 5/512-5 from Ch. 73, par. 1065.59-5 215 ILCS 5/512-11 new 215 ILCS 5/513b3 215 ILCS 124/3 215 ILCS 124/5 215 ILCS 124/10 215 ILCS 124/15 215 ILCS 124/20 215 ILCS 124/25 215 ILCS 124/30 215 ILCS 124/35 new 215 ILCS 124/40 new 215 ILCS 134/20 215 ILCS 134/25 Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Adds provisions concerning market analysis and market conduct actions. Makes changes to provisions concerning market conduct and non-financial examinations, examination reports, insurance compliance self-evaluative privilege, confidentiality, fees and charges, examination, and fiduciary and bonding requirements. Amends the Network Adequacy and Transparency Act. Adds definitions. Establishes minimum ratios of providers to beneficiaries for network plans issued, delivered, amended, or renewed during 2023. Makes changes to provisions concerning network adequacy, notice of nonrenewal or termination, transition of services, network transparency, administration and enforcement, and provider requirements. Amends the Managed Care Reform and Patient Rights Act. Makes changes to provisions concerning notice of nonrenewal or termination and transition of services. Amends the Illinois Administrative Procedure Act to authorize the Department of Insurance to adopt emergency rules implementing federal standards for provider ratios, time and distance, or appointment wait times when such standards apply to health insurance coverage regulated by the Department of Insurance and are more stringent than the State standards extant at the time the final federal standards are published. Effective immediately. State Debt Impact Note, House Floor Amendment No. 1 (Government Forecasting & Accountability) HB 1463, as amended by House Amendment 1, would not change the amount of authorization for any type of State-issued bond, and, therefore, would not affect the level of State indebtedness. Balanced Budget Note, House Floor Amendment No. 1 (Office of Management and Budget) Please be advised that the Balanced Budget Note Act does not apply to House Bill 1463, as amended by House Amendment 1 as it is not a supplemental appropriation that increases or decreases appropriations. Under the Act, a balanced budget note must be prepared only for bills that change a general funds appropriation for the fiscal year in which the new bill is enacted. Judicial Note, House Floor Amendment No. 1 (Admin Office of the Illinois Courts) This legislation would neither increase nor decrease the number of judges needed in the state of Illinois. Fiscal Note, House Floor Amendment No. 1 (The Department of Insurance) The Department of Insurance approximates the cost of the bill to be $836,500.