Sec. 45. Disclosure requirements.
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/il/chapter-215/act-123/45A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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.