AUTHORITY: Implementing Section 155.37 of the Illinois Insurance Code [215 ILCS 5], Section 5-3 of the Health Maintenance Organization Act [215 ILCS 125], Section 4003 of the Limited Health Service Organization Act [215 ILCS 130], and Section 10 of the Voluntary Health Services Plans Act [215 ILCS 165], Section 6.11 of the State Employees Group Insurance Act of 1971 [5 ILCS 375], and authorized by Section 401 of the Illinois Insurance Code.DEPARTMENT OF INSURANCE
a) This Part applies to health products that both:
1) use a formulary; and
2) are in force, issued, delivered, amended, or renewed in this State on or after October 1, 2025.
b) This Part does not apply to Medicare supplement insurance, fraternal benefit societies, captive insurance companies, dental service plans issued under the Dental Service Plan Act [215 ILCS 110], Medicare Advantage plans, or coverage under the medical assistance program in the Illinois Public Aid Code [305 ILCS 5].