Rep. La Shawn K. Ford
Filed: 4/19/2021
 
 

 

 

 
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1
AMENDMENT TO HOUSE BILL 142 




2    AMENDMENT NO. ______. Amend House Bill 142 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Illinois Insurance Code is amended  by 
5adding Section 155.47 as follows:
 
6    (215 ILCS 5/155.47 new)
7    Sec. 155.47. First-party claimant reimbursement study.
8    (a)   Since first-party claimants occasionally have property 
9and casualty claims denied in whole or in part and 
10subsequently obtain a payment in excess of the initial offer 
11of the insurer, the Department shall perform a study of 
12whether the claimants shall be entitled to reimbursement of 
13their reasonable costs incurred to substantiate the claim. The 
14study of the Illinois insurance claims process shall be 
15submitted to the General Assembly by January 1, 2022.
16    (b)   The Department study shall compare median payments on 
 
 
10200HB0142ham001- 2 -LRB102 10163 BMS 25504 a

1new and reopened claims where the insured had representation 
2to claims where the insured did not.
3    (c)   The Department study shall take a representative 
4sample of claims and examine the type of representation for 
5the insured, including representation by a public adjuster, 
6attorney, or none; the nature of the claim, including whether 
7catastrophic or non-catastrophic; the severity of the loss; 
8the insured value of the property; the report year; the date 
9the policyholder noticed the loss; the dollar value of the 
10insurers' initial offer to a policyholder; the last amount 
11paid to a policyholder; the payment date; and the city and 
12county in which the property was located.

 
13    Section 99. Effective date. This Act takes effect upon 
14becoming law.".