HB 4549

Abstract

Amends the Illinois Insurance Code. In provisions defining an insurer, adds any self-insurance arrangement covered by stop-loss insurance that provides health care benefits in this State. In provisions requiring any deficit incurred or expected to be incurred on behalf of federally eligible individuals who qualify for Plan coverage be recouped by an assessment of insurers, provides instruction for computing an assessment. Requires each insurer to pay its assessment as required by the Plan. Requires that if assessments exceed the amounts actually needed, the excess shall be held and invested and used by the Plan to offset future net losses or reduce pool premiums. Defines future net losses. Makes other changes.