Bill Text: IL HB1376 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Illinois Insurance Code. Makes a technical change in a Section concerning notices of cancellation.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-04-12 - Rule 19(a) / Re-referred to Rules Committee [HB1376 Detail]
Download: Illinois-2019-HB1376-Introduced.html
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1 | AN ACT concerning regulation.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Illinois Insurance Code is amended by | |||||||||||||||||||
5 | changing Section 143.15 as follows:
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6 | (215 ILCS 5/143.15) (from Ch. 73, par. 755.15)
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7 | Sec. 143.15. Mailing of cancellation notice. All notices of
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8 | cancellation of insurance as
defined in subsections (a), (b) | |||||||||||||||||||
9 | and
and (c) of Section 143.13 must
be mailed at least 30 days | |||||||||||||||||||
10 | prior to the effective date of
cancellation to the named | |||||||||||||||||||
11 | insured; however, if cancellation is for nonpayment of premium, | |||||||||||||||||||
12 | the notice of cancellation must be mailed at least 10 days | |||||||||||||||||||
13 | before the effective date of the cancellation to the last | |||||||||||||||||||
14 | mailing address known to the company. All
notices of | |||||||||||||||||||
15 | cancellation to the named insured shall include a specific | |||||||||||||||||||
16 | explanation of
the reason or reasons for cancellation. For | |||||||||||||||||||
17 | purposes of this Section, the mortgagee or lien holder, if | |||||||||||||||||||
18 | known, may opt to accept notification electronically.
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19 | (Source: P.A. 100-475, eff. 1-1-18 .)
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