INS-HEALTH CARE SHARE MINISTRY

Amends the Illinois Insurance Code to create the Health Care Sharing Ministries Article. Provides that a person must file specified information with the Department of Insurance to operate as a health care sharing ministry in the State. Provides that a health care sharing ministry shall submit an annual filing of information to the Department. Provides that filing fees shall be deposited into the Insurance Financial Regulation Fund. Provides that a health care sharing ministry shall provide specified written notice on or accompanying all applications, guideline materials, and written advertisements, including print and digital advertisements, distributed by or on behalf of the ministry. Sets forth provisions concerning an annual audit. Provides that the Attorney General may issue an emergency cease and desist order in specified circumstances. Provides that a health care sharing ministry that violates the provisions is liable for a civil penalty in an amount not to exceed $25,000 for each violation. Provides that a health care sharing ministry operating in the State is not required to submit a filing before March 1, 2022, and that the ministry may continue operating without a filing until April 1, 2022, but may not operate as a health care sharing ministry after April 1, 2022 until the ministry submits a filing. Provides that a student at an institution of higher education who is a member of a health care sharing ministry may use the membership to comply with a requirement by the institution that the student maintain health benefit coverage. Provides that violations of specified provisions are unfair methods of competition and unfair and deceptive acts or practices in the business of insurance. Defines terms.