INS DEPT-OPT OUT OF PUB OPTION

Amends the Department of Insurance Law of the Civil Administrative Code of Illinois. Provides that if the federal government enacts or implements any provision that would require states to operate a health insurance exchange that includes a public or state-run plan or if the federal government operates a nationally based health insurance exchange with a public plan option and a mechanism exists for individual states to opt out of the public option, then the State shall exercise the right to opt out of such a public plan. Provides that the provisions concerning public health insurance opt out shall apply only to public plans authorized after January 1, 2010 and shall not apply to plans previously operated under Title XVIII or Title XIX of the federal Social Security Act. Effective immediately.