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| | HB5357 Engrossed | | LRB103 37078 RPS 67196 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, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Insurance Code is amended by |
| 5 | | adding Section 143.10f as follows:
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| 6 | | (215 ILCS 5/143.10f new) |
| 7 | | Sec. 143.10f. Homeowner's insurance policy; sewer backup |
| 8 | | and sump pump overflow. |
| 9 | | (a) In this Section, "homeowner's insurance policy" means |
| 10 | | personal multi-peril property insurance policies covering real |
| 11 | | property used principally for residential purposes or any |
| 12 | | household or personal property that is usual or incidental to |
| 13 | | the occupancy of any premises used for residential purposes. |
| 14 | | (b) When issuing or quoting a homeowner's insurance |
| 15 | | policy, an insurer shall disclose whether the homeowner's |
| 16 | | insurance policy covers damage from a sewer backup or overflow |
| 17 | | from a sump pump. If the homeowner's insurance policy being |
| 18 | | issued does not cover damage caused by a sewer backup or |
| 19 | | overflow from a sump pump, the insurer shall offer the insured |
| 20 | | the opportunity to purchase additional coverage for damage |
| 21 | | caused by a sewer backup or overflow from a sump pump. The cost |
| 22 | | of the additional coverage shall be clearly communicated to |
| 23 | | the insured at the time the opportunity to purchase the |