INS CD-RESCISSION APPROVAL House SponsorsRep. Elaine Nekritz 1/11/2011HouseSession Sine Die 215 ILCS 5/357.3from Ch. 73, par. 969.3215 ILCS 5/359d new215 ILCS 125/5-3from Ch. 111 1/2, par. 1411.2 Amends the Illinois Insurance Code and the Health Maintenance Organization Act. Provides that no insurer shall rescind or cancel an accident and health insurance policy, except certain types of policies, on the basis of written information submitted on, with, or omitted from an insurance application. Provides that an insurance policy may not be rescinded or cancelled under the provisions concerning approval of health insurance rescissions more than 2 years after the effective date of the policy. Provides that an insurer shall apply for approval of a rescission or cancellation by submitting written information to the Director of Insurance. Sets forth provisions concerning the review and approval of rescissions and cancellations. Provides that an insurer or insured may appeal a decision by making a written request for a hearing within 30 days after the date the decision is mailed. Makes other changes. Contains a nonacceleration clause. Effective July 1, 2010. 2/5/2010HouseFiled with the Clerk by Rep. Elaine Nekritz 2/5/2010HouseFirst Reading 2/5/2010HouseReferred to Rules Committee 1/11/2011HouseSession Sine Die