Illinois SB 1392: DENTAL INSURANCE ASSIGNABILITY

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 Full Text of SB1392

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 Senate Amendment 001 
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SB1392 EnrolledLRB104 06099 BAB 16132 b

1 AN ACT concerning regulation.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Insurance Code is amended by 

5changing Section 370a as follows:

6 (215 ILCS 5/370a) (from Ch. 73, par. 982a)

7 Sec. 370a. Assignability of Accident and Health Insurance, 

8including dental insurance. No provision of the Illinois 

9Insurance Code, or any other law, prohibits an insured under 

10any policy of dental insurance or accident and health 

11insurance or any other person who may be the owner of any 

12rights under any such policy from making an assignment of all 

13or any part of his rights and privileges under the policy 

14including but not limited to the right to designate a 

15beneficiary and to have an individual policy issued in 

16accordance with its terms. Subject to the terms of the policy 

17or any contract relating thereto, an assignment by an insured 

18or by any other owner of rights under the policy, made before 

19or after the effective date of this amendatory Act of 1969 is 

20valid for the purpose of vesting in the assignee, in 

21accordance with any provisions included therein as to the time 

22at which it is effective, all rights and privileges so 

23assigned. However, such assignment is without prejudice to the 

SB1392 Enrolled- 2 -LRB104 06099 BAB 16132 b

1company on account of any payment it makes or individual 

2policy it issues before receipt of notice of the assignment. 

3This amendatory Act of 1969 acknowledges, declares and 

4codifies the existing right of ass