INS-MILIT MEMBER INS REINSTATE

Amends the Regulatory Sunset Act to extend the repeal date of certain Articles of the Illinois Insurance Code until January 1, 2017. Amends the Illinois Insurance Code. Extends the repeal date for a Section concerning the Standard Non-forfeiture Law for Individual Deferred Annuities until July 1, 2016. Provides that no Illinois resident activated for military service and no spouse or dependent of that resident who becomes eligible for a government-sponsored health insurance program as a result of the service may be denied reinstatement to the health insurance coverage that lapsed as a result of the military service. Provides that the insurer must receive the request for reinstatement within a certain time period. Requires insurers to provide written notice to policyholders of the right to reinstatement. Provides that the requirement of reinstatement does not apply to certain types of policies. Authorizes the Secretary of Financial and Professional Regulation to adopt rules. Effective immediately.