SB 2876 — INS CD-RELIGIOUS ORG

SB2876 EngrossedEnrolled LRB097 16449 RPM 61613 b AN ACT concerning insurance.

Policies of life or endowment insurance or annuity contracts or contracts supplemental thereto which contain provisions for additional benefits in case of death by accidental means and provisions operating to safeguard such policies or contracts against lapse, to give a special surrender value, or special benefit, or an annuity, in the event, that the insured or annuitant shall become totally and permanently disabled as defined by the policy or contract, or which contain benefits providing acceleration of life or endowment or annuity benefits in SB2876 EngrossedEnrolled - 2 - LRB097 16449 RPM 61613 b advance of the time they would otherwise be payable, as an indemnity for long term care which is certified or ordered by a physician, including but not limited to, professional nursing care, medical care expenses, custodial nursing care, non-nursing custodial care provided in a nursing home or at a residence of the insured, or which contain benefits providing acceleration of life or endowment or annuity benefits in advance of the time they would otherwise be payable, at any time during the insured's lifetime, as an indemnity for a terminal illness shall be deemed to be policies of life or endowment insurance or annuity contracts within the intent of this clause.

SB2876 EngrossedEnrolled - 3 - LRB097 16449 RPM 61613 b The Director may issue rules that specify prohibited policy provisions, not otherwise specifically prohibited by law, which in the opinion of the Director are unjust, unfair, or unfairly discriminatory to the policyholder, any person insured under the policy, or beneficiary.

(iii) no funds that have been given for the purpose of SB2876 EngrossedEnrolled - 4 - LRB097 16449 RPM 61613 b the sharing of medical expenses among members described in paragraph (ii) of this subsection (b) are held by the organization in an off-shore trust or bank account;

The organization facilitating the sharing of medical expenses is not an insurance company, and neither its guidelines nor plan of operation SB2876 EngrossedEnrolled - 5 - LRB097 16449 RPM 61613 b constitute or create an insurance policy.

(xi) the organization does not offer any other services that are regulated under any provision of the Illinois SB2876 EngrossedEnrolled - 6 - LRB097 16449 RPM 61613 b Insurance Code or other insurance laws of this State;

SB2876 EngrossedEnrolled - 7 - LRB097 16449 RPM 61613 b (iii) Plans providing legal service benefits to groups where such plans are owned or operated by authority of a state, county, local or other bar association;

(viii) Any collectively bargained plan for legal services between a labor union and an employer negotiated pursuant to Section 302 of the Labor Management Relations Act as now or hereafter amended, under which plan legal services will be provided for employees of the employer whether or not payments for such services are funded to or SB2876 EngrossedEnrolled - 8 - LRB097 16449 RPM 61613 b through an insurance company.

Insurance against the liability of the insured for the death, injury or disability of an employee or SB2876 EngrossedEnrolled - 9 - LRB097 16449 RPM 61613 b other person, and insurance against the liability of the insured for damage to or destruction of another person's property.

Insurance against loss or damage to property and any liability of the insured caused by accidents to boilers, pipes, pressure containers, machinery and SB2876 EngrossedEnrolled - 10 - LRB097 16449 RPM 61613 b apparatus of any kind and any apparatus connected thereto, or used for creating, transmitting or applying power, light, heat, steam or refrigeration, making inspection of and issuing certificates of inspection upon elevators, boilers, machinery and apparatus of any kind and all mechanical apparatus and appliances appertaining thereto;

SB2876 EngrossedEnrolled - 11 - LRB097 16449 RPM 61613 b Such coverages shall, for the purpose of classification, be included in the specific grouping of the kinds of insurance wherein such cause is specified.

Insurance against loss or damage to vessels, craft, aircraft, vehicles of every kind, (excluding vehicles operating under their own power or while in SB2876 EngrossedEnrolled - 12 - LRB097 16449 RPM 61613 b storage not incidental to transportation) as well as all goods, freights, cargoes, merchandise, effects, disbursements, profits, moneys, bullion, precious stones, securities, chooses in action, evidences of debt, valuable papers, bottomry and respondentia interests and all other kinds of property and interests therein, in respect to, appertaining to or in connection with any or all risks or perils of navigation, transit, or transportation, including war risks, on or under any seas or other waters, on land or in the air, or while being assembled, packed, crated, baled, compressed or similarly prepared for shipment or while awaiting the same or during any delays, storage, transshipment, or reshipment incident thereto, including marine builder's risks and all personal property floater risks;

and insurance against loss or damage to precious stones, jewels, jewelry, gold, silver and other precious metals whether used in business or trade or otherwise and whether the same be in course of transportation or otherwise, which shall include jewelers' SB2876 EngrossedEnrolled - 13 - LRB097 16449 RPM 61613 b block insurance;

insurance against loss or damage by water entering through leaks or openings in buildings, or from the breakage or leakage of a sprinkler, pumps, water pipes, plumbing and all tanks, apparatus, conduits and containers designed to bring water into buildings or for its storage or utilization therein, or caused by the falling of a tank, tank platform or supports or against loss or damage from any cause SB2876 EngrossedEnrolled - 14 - LRB097 16449 RPM 61613 b to such sprinklers, pumps, water pipes, plumbing, tanks, apparatus, conduits or containers;