Bill Text: IL SB3674 | 2019-2020 | 101st 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: (Failed) 2021-01-13 - Session Sine Die [SB3674 Detail]

Download: Illinois-2019-SB3674-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB3674 Introduced 2/14/2020, by Sen. Dave Syverson 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.
LRB101 19676 BMS 69167 b
A BILL FOR
SB3674 LRB101 19676 BMS 69167 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.)