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IL HB5260
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Bob Morgan
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AI Summary
- Allows the Department of Insurance to adopt rules implementing the federal Affordable Care Act that incorporate federal regulations by reference without specifying dates or excluding later amendments
- Modifies property and casualty policy assignment rules so that transfers between insurers within the same holding company system are considered renewals rather than nonrenewals, removing the requirement for 30-day notice on premium increases of 30% or more
- Removes formatting restrictions (2-page limit, PDF requirement) for insurance company supplier diversity reports, allowing the Department to designate the report format
- Expands insurance coverage for dependent parents to include stand-alone dental plans through the Illinois Health Benefits Exchange, while clarifying exemptions for excepted benefits and public aid coverage
- Expands Director of Insurance confidentiality authority to maintain records received from federal and international regulatory agencies (not just other states) and allows waiver of registration and course certification fees for government-provided pre-licensing or continuing education courses
- Repeals the Health Care Purchasing Group Act and removes exemptions for short-term, limited-duration health insurance coverage from the Network Adequacy and Transparency Act
Legislative Description
INSURANCE-VARIOUS
Last Action
Assigned to Insurance Committee
3/12/2026
Committee Referrals
Insurance3/12/2026
Rules2/10/2026
Full Bill Text
No bill text available