093_SB1150sam002

 










                                     LRB093 09649 JLS 13685 a

 1                    AMENDMENT TO SENATE BILL 1150

 2        AMENDMENT NO.     .  Amend Senate Bill 1150, AS  AMENDED,
 3    with  reference herein to the page and line numbers of Senate
 4    Amendment No. 1, on page 4, line 6, by replacing  "5/500-107"
 5    with "500-107"; and

 6    on  page  4,  line 8, by changing "(a)  A" to "(a)  Except as
 7    permitted by subsection (j) of this Section, a"; and

 8    on  page  6  by  inserting  immediately  below  line  17  the
 9    following:
10        "(j)  Nothing contained in this Section shall prohibit an
11    unlicensed person from distributing or  selling  certificates
12    of  insurance  under a group master policy lawfully issued in
13    this or another state when:
14             (1)  the sale or distribution is by an  employee  of
15        the group master policyholder;
16             (2)  no   commission   is  paid  for  such  sale  or
17        distribution;
18             (3)  the sales are incidental and ancillary  to  the
19        primary rental business of the group master policyholder;
20        and
21             (4)  the  group  master  policy is sold to the group
22        master policyholder by a licensed producer.
23        (k)  Nothing in this Section applies to or affects common
 
                            -2-      LRB093 09649 JLS 13685 a
 1    carriers regulated by the Illinois Commerce Commission."; and

 2    on page 7 by deleting lines 29 and 30.