Bill Text: IL HB0101 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Illinois Insurance Code. Provides that beginning on the effective date of the amendatory Act, every policy for personal multiperil property coverage, commonly known as homeowners insurance, issued or renewed insuring a residence located within a community in this State that participates in the National Flood Insurance Program shall include, at a separately stated premium, flood insurance unless waived in writing by the insured. Provides that if the insured has previously waived flood insurance in writing, then the insurer or agent need not offer flood insurance in any renewal or supplementary policy in connection with a policy previously issued to the insured by the same insurer unless the insured subsequently makes a written request for flood insurance.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB0101 Detail]

Download: Illinois-2011-HB0101-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB0101 Introduced , by Rep. LaShawn K. Ford SYNOPSIS AS INTRODUCED:
215 ILCS 5/155.43 new
Amends the Illinois Insurance Code. Provides that beginning on the effective date of the amendatory Act, every policy for personal multiperil property coverage, commonly known as homeowners insurance, issued or renewed insuring a residence located within a community in this State that participates in the National Flood Insurance Program shall include, at a separately stated premium, flood insurance unless waived in writing by the insured. Provides that if the insured has previously waived flood insurance in writing, then the insurer or agent need not offer flood insurance in any renewal or supplementary policy in connection with a policy previously issued to the insured by the same insurer unless the insured subsequently makes a written request for flood insurance.
LRB097 05503 RPM 45563 b
A BILL FOR
HB0101 LRB097 05503 RPM 45563 b
AN ACT concerning insurance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Insurance Code is amended by adding
Section 155.43 as follows:
(215 ILCS 5/155.43 new)
Sec. 155.43. Flood insurance.
(a) Beginning on the effective date of this amendatory Act
of the 97th General Assembly, every policy for personal
multiperil property coverage, commonly known as homeowners
insurance, issued or renewed insuring a residence located
within a community in this State that participates in the
National Flood Insurance Program shall include, at a separately
stated premium, flood insurance unless waived in writing by the
insured.
(b) If the insured has previously waived flood insurance in
writing, then the insurer or agent need not offer flood
insurance in any renewal or supplementary policy in connection
with a policy previously issued to the insured by the same
insurer unless the insured subsequently makes a written request
for flood insurance.