Bill Text: IL SB1449 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: Amends the Illinois Insurance Code. Makes a technical change in a Section concerning notices of cancellation.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2021-04-23 - Rule 3-9(a) / Re-referred to Assignments [SB1449 Detail]

Download: Illinois-2021-SB1449-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 SB1449 Introduced 2/25/2021, by Sen. Dan McConchie SYNOPSIS AS INTRODUCED:
215 ILCS 5/143.15 from Ch. 73, par. 755.15
Amends the Illinois Insurance Code. Makes a technical change in a Section concerning notices of cancellation.
LRB102 11227 BMS 16559 b
A BILL FOR
SB1449 LRB102 11227 BMS 16559 b
AN ACT concerning regulation.
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
changing Section 143.15 as follows:
(215 ILCS 5/143.15) (from Ch. 73, par. 755.15)
Sec. 143.15. Mailing of cancellation notice. All notices
of cancellation of insurance as defined in subsections (a),
(b) and and (c) of Section 143.13 must be mailed at least 30
days prior to the effective date of cancellation to the named
insured; however, if cancellation is for nonpayment of
premium, the notice of cancellation must be mailed at least 10
days before the effective date of the cancellation to the last
mailing address known to the company. All notices of
cancellation to the named insured shall include a specific
explanation of the reason or reasons for cancellation. For
purposes of this Section, the mortgagee or lien holder, if
known, may opt to accept notification electronically.
(Source: P.A. 100-475, eff. 1-1-18.)