Bill Text: IL SB2646 | 2009-2010 | 96th 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-28 - Referred to Assignments [SB2646 Detail]

Download: Illinois-2009-SB2646-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 SB2646 Introduced 1/28/2010, by Sen. David Koehler 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.
LRB096 19692 RPM 35095 b
A BILL FOR
SB2646 LRB096 19692 RPM 35095 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 and mortgagee or lien holder, if known, at the last
mailing address known to the company. All notices of
cancellation shall include a specific explanation of the reason
or reasons for cancellation. However, where cancellation is for
nonpayment of premium, the notice of cancellation must be
mailed at least 10 days before the effective date of the
cancellation. For purposes of this Section, the mortgagee or
lien holder, if known, may opt to accept notification
electronically.
(Source: P.A. 93-713, eff. 1-1-05.)