Bill Title: Creates the Insured's Independent Counsel Act. Provides that if an insurer has a duty to defend an insured under a policy of insurance and a significant and actual conflict of interest arises that imposes a duty on the insurer to provide independent counsel to the insured, the insurer shall provide independent counsel to the insured unless the insured waives the right to independent counsel in writing. Defines "significant and actual conflict of interest". Adds provisions governing: the selection of independent counsel; retention of other counsel by either insurer or insured; duties of the independent counsel; privileged information; waiver of the right to select independent counsel; and cooperation between the insurer, insured, and independent counsel.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2016-04-08 - Rule 3-9(a) / Re-referred to Assignments [SB2801 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2016-02-17	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2801

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2801 currently on file.