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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5560 Introduced 1/31/2022, by Rep. Camille Y. Lilly SYNOPSIS AS INTRODUCED:
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| 215 ILCS 5/355 | from Ch. 73, par. 967 |
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Amends the Illinois Insurance Code. Makes a technical change in a Section concerning accident and health policies.
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| | A BILL FOR |
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| | HB5560 | | LRB102 25170 BMS 34433 b |
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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,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Insurance Code is amended by |
| 5 | | changing Section 355 as follows:
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| 6 | | (215 ILCS 5/355) (from Ch. 73, par. 967)
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| 7 | | Sec. 355.
Accident
and
and health policies-Provisions.)
No |
| 8 | | policy of insurance against loss or damage from the sickness, |
| 9 | | or from
the bodily injury or death of the insured by accident |
| 10 | | shall be issued or
delivered to any person in this State until |
| 11 | | a copy of the form thereof and
of the classification of risks |
| 12 | | and the premium rates pertaining thereto
have been filed with |
| 13 | | the Director; nor shall it be so issued or delivered
until the |
| 14 | | Director shall have approved such policy pursuant to the |
| 15 | | provisions
of Section 143. If the Director
disapproves the |
| 16 | | policy form he shall make a written decision stating the
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| 17 | | respects in which such form does not comply with the |
| 18 | | requirements of law
and shall deliver a copy thereof to the |
| 19 | | company and it shall be unlawful
thereafter for any such |
| 20 | | company to issue any policy in such form. |
| 21 | | (Source: P.A. 79-777.)
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